Amount of money earned during the mid-career employment

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Reference no: EM131868139

An engineering graduate, starting work on January 1, 2018, accepts an annual starting salary of $70,000. Assume that this salary is increased annually by 2.5 %. Determine: (a) her annual salary in her 50th year of employment, and (b) the total amount of money earned during the mid-career employment years of 21 through 30.

Reference no: EM131868139

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