SOLUTION: Please help! Problem: I want to be earning an annual salary of $100,00 when I retire in 15 years. I have been offered a job that guarantees an annual salary increase of %4 pe

Question 1070080: Please help!
Problem:
I want to be earning an annual salary of $100,00 when I retire in 15 years. I have been offered a job that guarantees an annual salary increase of %4 per year, and the starting salary is negotiable. What salary should I request in order to meet my goal?
Thank you so much!
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
Current salary: x
Annual increases: 4%
In 15 years: 100,000
-----------------------------
x = 100,000/(1+.04)^15 = 55,526.45
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