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Assume that you are 2 6 years old today and that you are planning on retirement at age 6 8 . Your current salary is
Assume that you are years old today and that you are planning on retirement at age Your current salary is $ and you expect your salary to increase at a rate of per year 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 th birthday and will be of this year's salary. Likewise, you expect to deposit of your salary each year until you reach the age of Assume that the rate of interest is How much money will you have in your retirement account at age
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