Paimin Bin Paijo a 30-year-old Bachelor of Mechanical Engineering
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10. Paimin Bin Paijo a 30-year-old Bachelor of Mechanical Engineering, next year his salary will be up to $80,000. Paimin hopes his salary will always rise every year at a rate of a steady increase of 6% per year until he retires at age 60. If Paimin saves money 10% of his salary each year and invests his savings at an interest rate of 8%, How much money will Paimin have when he retires at age 60?
(Please write down the answer on the paper step bye step)
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