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Zoe decides to invest for retirement, beginning with $5,500 this year. She plans to increase the amount she invests each year by 3.5% (each year
Zoe decides to invest for retirement, beginning with $5,500 this year. She plans to increase the amount she invests each year by 3.5% (each year she will invest 3.5% more than she invested the prior year). She expects her investments to earn 9.5% annually. After 25 years, how much money will Zoe have? \begin{tabular}{l} $501,852.64 \\ \hline$669,635.88 \\ \hline$1,675,018.00 \\ \hline$137,500.00 \end{tabular}
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