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Mathematics, 14.06.2021 09:50 smartowl101
Roman started working at a job in 2006 for a starting salary of $40,000. He gets a raise of 2.5% every year. His
pension plan determines his annual retirement pay as 80% of his final year's salary. He is hoping to work long
enough for his monthly retirement amount to exceed $4000 before taxes and other deductions.
a. What final annual salary is needed for him to reach this goal
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Answers: 3
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Roman started working at a job in 2006 for a starting salary of $40,000. He gets a raise of 2.5% eve...
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