Business, 25.03.2020 01:48 skyleezarain487

You have 45 years left until retirement and want to retire with $4 million. Your salary is paid annually, and you will receive $50,000 at the end of the current year. Your salary will increase at 3 percent per year, and you can earn an annual return of 9 percent on the money you invest. If you save a constant percentage of your salary, what percentage of your salary must you save each year?

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You have 45 years left until retirement and want to retire with $4 million. Your salary is paid annu...