Question: You ve just started your first job at 2 5 years old. Your annual salary is $ 5 0 , 0 0 0 , and

Youve just started your first job at 25 years old. Your annual
salary is $50,000, and you plan to retire at 65. You can invest
your savings with a return of 5% per year, compounded annually.
If you save 20% of your salary every year for the first 10
years (last deposit on your 35th birthday) and stop saving
afterward, how much will you have by the time you turn
65?

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