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Maria Anguiano's current salary is $72,000 per year, and she is planning to retire 25 years from now. She anticipates that her annual salary will

image text in transcribed Maria Anguiano's current salary is $72,000 per year, and she is planning to retire 25 years from now. She anticipates that her annual salary will increase by $2,900 each year. (That is, in the first year she will earn $72,000, in the second year $74,900, in the third year $77,800, and so forth.) She plans to deposit 4% of her yearly salary into a retirement fund that earns 6% 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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