A civil engineer planning for her retirement places 8% of her salary each year into a high-technology stock fund. If her salary this year (end of year 1) is $150,000 and she expects her salary to increase by 5% each year, what will be the future worth of her retirement fund after 16 years provided it earns 11% per year?

A civil engineer planning for her retirement places 8% of her salary each year into a high-technology stock fund. If her salary this year (end of year 1) is $150,000 and she expects her salary to increase by 5% each year, what will be the future worth of her retirement fund after 16 years provided it earns 11% per year? The future worth of her retirement fund will be $