Question: You currently earn $140,000 per year and plan to deposit 10% of your salary in a 401(k) account that you expect to earn 8% per

You currently earn $140,000 per year and plan to deposit 10% of your salary in a 401(k) account that you expect to earn 8% per year. You also expect that your salary will increase 2% per year. You plan to make a deposit to your account at the end of each year for the next 40 years, after which you will retire. How much money will you have in your account when you retire

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