Salary each year into high-technology stock fund

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Reference no: EM131813109

A civil engineer planning for her retirement places 10% of her salary each year into a high-technology stock fund. If her salary this year (end of year 1) is $170,000 and she expects her salary to increase by 3% each year, what will be the future worth of her retirement fund after 13 years provided it earns 11% per year?

The future worth of her retirement fund will be $

Reference no: EM131813109

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