Future annual salary growth percantage calculation
Dear Sir/Madam, I would like to find out, what percentage of growth can be used to calculate a future wage increase for my employee for the next 25 years. I would like to take annual average inflation and annual average salary growth into consideration. I would like to multiply his current annual salary with that growth percentage and keep multiplying it for the next 25 years and later add the years up.. If you could please write down reasoning behind your calculation of the percentage rate, that would be very helpful. Many thanks
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