Question: You have begun saving for your retirement. You will initially save $2400 per year and plan to increase your contributions by 1.5% per year. A)

 You have begun saving for your retirement. You will initially save
$2400 per year and plan to increase your contributions by 1.5% per

You have begun saving for your retirement. You will initially save $2400 per year and plan to increase your contributions by 1.5% per year. A) If the retirement plan has historically made 4% per year, how much will you have in your account after 45 years? B) What will be your final contribution in year45

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