Business, 26.02.2020 06:03, luciaaviles3

1. [3 points] Jason just accepted a job as an Operational Excellence Engineer with a local company. His starting salary is $74,000 per year. Jason plans to invest 8% of his annual salary each year in the Fidelity Growth Mutual Fund (consider this as a savings account earning 8% interest per year). Jason is also contracted to receive a 3% salary increase every year for the entirety of his employment. Jason plans to invest 8% of his annual salary in the mutual fund only for the next 35 years. If the mutual fund averages a 6% annual return over the 35 years:

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1. [3 points] Jason just accepted a job as an Operational Excellence Engineer with a local company....