Investment account when retires

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Reference no: EM131306330

Shelia is starting to save for your retirement that you expect to start 40 years from today. She starts by depositing $5,000 one year from today in an investment account. Given her pursuit of an MBA, she expects her salary will increase over time and she can increase her deposit into the investment account by 4% per year until she retires. If she can earn 9.5% per year on her investment account, how much will she have in her investment account when she retires?

Reference no: EM131306330

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