A civil engineer planning her retirement will deposit 10% of her salary each year into a high-technology stock fund. If her salary this year is $50,000 and she expects her salary to increase by 4% each year, how much will she have in the fund after 15 years assuming the fund earns 12% per year?

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Q: . A civil engineer planning for her retirement places 10% of her salary each year into a…

A: Salary=$160000Deposit=10%Increase=g=3%Rate of return=r=7%Period=n=15years