How much money will be in the retirement account in years

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Reference no: EM13146772

A young engineer plans to save for retirement as follows: 1 save %5 of her annual salary 2 initial annual salary is $60,000 3 annual salary increases by 2% per year 4 Savings invested with an annual interest rate of 4% How much money will be in the retirement account in 35 years?

Reference no: EM13146772

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