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Chapter 06 Problem Set Saved Help Save & Exit Submit iurt You received no credit for this question in the previous attempt View previous attempt 3 6.66 points Your new job offers a savings plan that pays 1.25 percent in interest each month. You can't participate in the plan, however, until you have 5 years with the company. At that time you will start saving $500 a month for the next 21 years How much will you have in this savings account in 26 years? Round your answer to two decimals. $ 1888900 Another perk of your new job is that after 5 years with the company, you will also get an increase of $75 in your monthly salary. Assume you would stay with the company for 21 more years after getting the salary increase, and that you discount at 1.25 percent each month. What is this salary increase worth to you today? Round your answer to two decimals. $ 1782.90 eBook References