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You decided to put away 4% of your annual salary for retirement. Your annual salary is $25,000 for the first year (at age 24) and
You decided to put away 4% of your annual salary for retirement. Your annual salary is $25,000 for the first year (at age 24) and it increases by 2% every year until your retirement (at age 55). What will be the worth of your account when you retire if the interest is 4.5% per year? O a. $21,569.85 O b. $100,993.22 c. $24,692.833 d. $88,217.62 e. $67,697.20
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