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Chelseas current annual salary is $60,000. This salary is expected to increase by 4% each year. At the end of each year for the next

Chelseas current annual salary is $60,000. This salary is expected to increase by 4% each year. At the end of each year for the next 20 years, Chelsea plans to deposit 10% of her annual salary in a retirement account is paying 6% interest compounded monthly. Determine the amount Chelsea will have in the account at the end of the 20 years.

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