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In order to encourage its employees to save money forretirement, a large pharmaceutical company offers a guaranteed rateof return of 10% per year, without regard to the market interestrate. If a new engineer invests $5000 per year for 10 years at atime when the inflation rate averages 3% per year, how much will bein the account at the end of the 10-year period?

 

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Accounting 3 Months Ago 81 Views
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