13) Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you just received your salary of $57,000 and you plan t o spend all of it. However, you want to start saving for retirement beginning next year. You have decided that one year from today you will begin depositing 3 percent of your annual salary in an account that will earn 12 percent per year. Your salary will increase at 4 percent per year throughout your career. How much money will you have on the date of your retirement 45 years from today? Multiple Choice

$3,515,595.10 $21,438.18 $3,380,379.90 $9,347,293.42 $3,445,283.20