Interest accumulated at the time of? emily retirement

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Reference no: EM131978344

Emily? Dorsey's current salary is $68,000 per? year, and she is planning to retire 18 years from now. She anticipates that her annual salary will increase by ?$2,000 each year ($68,000 the first? year, to $70,000the second? year, $72,000the third? year, and so? forth), and she plans to deposit 10?% of her yearly salary into a retirement fund that earns 4?% interest compounded daily. What will be the amount of interest accumulated at the time of? Emily's retirement? Assume 365 days per year.

Reference no: EM131978344

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