123 - per year and it will grow 2% per year until you...

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problem 45 is not so realistic because most retirement plans do not allow you to specify a fixed amount to contribute every year.Instead, you are required to specify a fixed percentage of your salary that you contribute. assume that your starting salary is $750,000
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Unformatted text preview: per year and it will grow 2% per year until you retire.assuming everything stays the same as in problem 45, what percentage of your income do you need to contribute to the plan every year to fundthe same retirement income?...
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This note was uploaded on 04/21/2010 for the course FIN 601 1232121 taught by Professor Gunga during the Spring '10 term at Strayer.

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