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14. You are 30 years old today and you plan on retiring at age 65. Your current net salary is 45,000 and you expect it

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14. You are 30 years old today and you plan on retiring at age 65. Your current net salary is 45,000 and you expect it to grow at an annual rate of 5% as long as you work. To save for your retirement, you plan on making annual contributions to a retirement account. Your first contribution will be made on your 31st birthday and will be 8% of this year's salary. Likewise, you expect to deposit 8% of your salary each year until you reach age 65. Assume that the annual interest rate is 7%. The future value at retirement (age 65) of your savings lies closest to: A) 528,800 B) 729,800 C) 829,800 D) 928,900

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