Joe s starting salary as a mechanical engineer is around 80

Last updated: 1/15/2024

Joe s starting salary as a mechanical engineer is around 80 000 Joe is planning to place a total of 8 of his salary each year in mutual funds Joe expects a 4 salary increase each year for the next 25 years of employment If mutu funds will average 6 annual return over the course of his career what can Joe expect at retirement Click the icon to view the interest factors for discrete compounding when i 6 per year The amount Joe can expect at retirement is Round to the nearest dollar