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You decide to invest $5,320 (10% of your annual salary) on your 26's birthday. You expect your salary to increase by an average of 0.06
You decide to invest $5,320 (10% of your annual salary) on your 26's birthday. You expect your salary to increase by an average of 0.06 each year. You continue to save annually 10% of your salary until you retire at age 65 (40 years from now). Considering the interest rate of 0.08, how much money will you have accumulated when you retire?
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