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EXAMPLE 9A-1 An engineer has just finished paying off a student loan and is ready to start saving for retirement. Her current
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Answer #1

Salary for a month=$63,000

For a year= 63000*12

= 756000

For 35 years= 26,46,0000

Investment =15% of salary

= 26,46,0000*15%

=$39,69,000

So the amount expected to invest in t-bills, bonds, or shares, is $39,69,000

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