Question: ( 1 5 points ) Another retirement. Suppose Emma's current salary is $ 7 2 , 0 0 0 per year, and she is planning
points Another retirement. Suppose Emma's current salary is $ per year, and she is planning
to retire years from now. She anticipates that her annual salary will increase by $ each year.
That is in the first year she will earn $ in the second year $ in the third year $
and so forth. At the end of each of the next years, she plans to deposit of her salary from
that year into a retirement fund that earns interest compounded daily. How much money will be
in her account at the time of her retirement? Draw a cash flow diagram for this problem.
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