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A 2 5 - year - old earns $ 6 0 , 0 0 0 per year. Each year, they will contribute 5 % of

A 25-year-old earns $60,000 per year. Each year, they will contribute 5% of their annual salary to a retirement account that is expected to earn an
average return of 10% per year. Their salary is expected to grow at an average 3% per year
The worker will retire in 40 years
Use this information to answer the next questions
Question 9
Now assume the worker pays a 2% annual fee on this retirement investment.
Compute the value of the account at retirement.
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