Adam current salary is 106000 annually. He expect that his salary will growth 6% every year until retirement. He is

Adam current salary is 106000 annually. He expect that his salary will growth 6% every year until retirement. He is

Question:

Adam current salary is £106000 annually. He expect that his salary will growth 6% every year until retirement. He is 28 years old currently and he will work for another 38 years. His average tax rate is 30%. What is the total salary does he have when retire?

Expert Answer:

Answer rating: 100% (QA)

To calculate Adam s total salary when he retires taking into account
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