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Hi can you answer this question and explain Hi can u answer this question Ellen, a finance manager of small private company, is is considering

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Hi can you answer this question and explain

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Hi can u answer this question Ellen, a finance manager of small private company, is is considering saving $10,000 per year for retirement. Although $10,000 is the most she can save in the first year , she expects her salary to increase each year so that she will be able to increase her savings by 5% per year. With this plan, if she earns 10% per year on her savings, how much will Ellen have saved at the age of 65. Assume she just turned 35

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