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Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31 you just received

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Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31 you just received your salary of $64,000 retirement beginning next year. You have decided that one year from today you will begin depositing 10 percen of your annual salary in an account that will e year throughout your ca today? and you plan to spend all of it. However, you want to start saving for arn 10.4 percent per year. Your salary will increase at 4 percent per reer. How much money will you have on the date of your retirement 45 years from o a. $8,318,204.50 o b.$96,921.76 O c. $8,518,204.50 o d. $8,012,204.50

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