90. You invest 10% of your income into a savings product by paying annual deposits into the account, which earn an interest at the rate of 10% per year, but cannot be withdrawn. At the time of retirement, the savings product converts into a checking account paying 3% interest, but with no restrictions on withdrawals from the account. You expect your income to increase by 2%

every year. Assume you start saving in this product at the age of 25, when your annual income is $40,000. How much money will you have in the account when you retire at 65? (4.12)