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Maria Anguiano's current salary is $ 5 8 , 0 0 0 per year, and she is planning to retire 2 0 years from now.

Maria Anguiano's current salary is $58,000 per year, and she is planning to retire 20 years from now.
She anticipates that her annual salary will increase by $3,200 each year. (That is, in the first year she
will earn $58,000, in the second year $61,200, in the third year $64,400, and so forth.) She plans to
deposit 7% of her yearly salary into a retirement fund that earns 9% interest compounded daily. What
will be the amount accumulated at the time of her retirement? Assume 365 days in a year.
The effective annual interest rate is
%.(Round to four decimal places.)
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