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You are meeting with a financial planner to begin saving for retirement. Your starting salary is $ 6 5 , 0 0 0 in year
You are meeting with a financial planner to begin saving for retirement. Your starting salary is $ in year one and you expect to receive pay increases at a rate of each year for the first years of your career, then maintain your salary until you retire. Your financial planner advised you to invest of your yearly salary into a retirement account to maintain a similar lifestyle in retirement. You expect to work for the next years. How much will you have in the account when you retire if your retirement account produces an average return of per year?
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