Question: At 4 8 , you settle back down at a new job. Your starting salary is $ 1 8 0 , 0 0 0 per

At 48, you settle back down at a new job. Your starting salary is $180,000 per year, and this salary is expected to increase at a rate of 6% each year. You begin saving for retirement again by placing 5% of your salary each year into the original retirement savings account that is earning 10% interest, compounded yearly. Note, the first deposit will happen at age 49. At 65 you make your last deposit into the savings account and decide to retire.
What is the balance of your retirement account immediately after the last deposit?

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