Catherine Valentine wants to start saving for retirement as soon as she gets a job upon graduation with an MS degree at age 24. She plans to deposit $1,500 at the end of her first year of work, at age 25, and increase the amount she saves by the same percentage as her salary increases. She thinks her salary increases will be about 6 percent per year and that her money will earn 5 percent per year. How much will she have in the account right after her deposit when she is 60 years old?