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You are saving for your retirement. You have decided that one year from tOday you will deposit 2 % of your annual salary in an

You are saving for your retirement. You have decided that one year from tOday you will deposit 2% of your annual salary in an account which will earn 8% per year. Your salary last year was $50,000, and it will increase at 4% per year throughout your career. How much money will you have for your retirement, which will begin in 40 years?
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