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Stella is doing her retirement planning. Starting next year (i.e., one year from today), she intends to deposit 4% of her annual salary into a
Stella is doing her retirement planning. Starting next year (i.e., one year from today), she intends to deposit 4% of her annual salary into a retirement account every year. Her salary next year is expected to be $52,846, and she anticipates it will grow at an annual rate of 5%. Interest rates are 11%. She expects to make her last deposit in exactly 20 years when she retires. What will the value of her account on the day she retires? Input your response rounded to the nearest dollar but without the dollar sign
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