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15-02-2024
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Engineer David places 10% of his salary each year into a high-technology stock fund for his retirement. If his salary this year (end of year 1) is $160,000 and he expects his salary to increase by 3%, what will be his salary at the end of year 2?A) $168,000B) $164,800C) $172,800D) $176,000

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