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Maria Anguiano's current salary is $ 6 1 , 0 0 0 per year, sand she is planning to retire 3 0 years from now.

Maria Anguiano's current salary is $61,000 per year, sand she is planning to retire 30 years from now. She anticipates that her annual salary will increase by $3500 each year. (That is, inthe first year she will earn $61,000, in the second year $64,500, in the third year $68,000, and so forth) She plans to deposit 6% of her yearly salary into retirement fund that earns 8% 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 %.

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