Amount accumulated at the time of you retirement

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Your current salary is $70,000 per year and you are planning to retire in 25 years from now. You anticipate that your annual salary will increase by $3,500 each year. You plan to deposit 5% of your yearly salary into a retirement fund that earns 6.75% interest compounded daily. What will be the amount accumulated at the time of you retirement? Enter that amount in the box below.

Reference no: EM13771638

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