About the retirement account

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Reference no: EM131959586

You start a job at a company and open a retirement account with $500. You increase your yearly contribution to your retirement account by 2% per year which matches your salary increase.

If the retirement account earns 5% compounded yearly how much will you have in this account after 15 years? Give your answer in dollars, no cents and do not type in units or symbols.

Reference no: EM131959586

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