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maria anguianos current salary is $65,000 per year, and she is planning to retire 25 years from now. She anticipates that her annual salary will
maria anguianos current salary is $65,000 per year, and she is planning to retire 25 years from now. She anticipates that her annual salary will increase by $3,000 each year. (That is in the first year she will earn $65,000 in the second year $68,000 in the third year $71,000 and so forth. She MB pland to deposit 5% of her yearlysalary into a retirement fund that earns 7% interest compounded daily. What will be the amount accumulated at the time of her retirement?
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