Question: Repeat Problem 55 using your own age. Data from Problem 55 In 2012 the maximum Social Security deposit by an individual was ($ 8,386.75). Suppose

Repeat Problem 55 using your own age.

Data from Problem 55

In 2012 the maximum Social Security deposit by an individual was $\$ 8,386.75$. Suppose you are 25 and make a deposit of this amount into an account at the end of each year. How much would you have (to the nearest dollar) when you retire if the account pays $3 \%$ compounded annually and you retire at age 65 ?

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