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Your employer automatically puts 5 percent of your salary into a 4 0 1 ( k ) retirement account each year. The account earns 7

Your employer automatically puts 5 percent of your salary into a 401(k)
retirement account each year. The account earns 7% interest. Suppose you
just got the job, your starting salary is $50000, and you expect to receive a
3.5% raise each year.
For simplicity, assume that interest earned and your raises are given as
nominal rates and compound continuously.
Find the value of your retirement account after 20 years
Value =$
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