Joe's starting salary as a mechanical engineer is around $100,000. Joe is planning to place a total of 7% of his salary each year in the mutual fund. Joe expects a 4% salary increase each year for the next 25 years of employment. If the mutual fund will average 12% annual return over the course of his career what can Joe expect at retirement? = Click the icon to view the interest factors for discrete compounding when i = 12% per year. The amount Joe can expect at retirement is $ thousand. (Round to the nearest whole number.)