A young graduate from UGA wants to save for retirement. She begins work in marketing...

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Accounting

A young graduate from UGA wants to save for retirement. She begins work in marketing for Coca-Cola and will make $4,046.00 in her first month. She plans on contributing 8.00% of her monthly income to a mutual fund from Vanguard. She expects the fund to earn 8.76% APR (monthly compounding). She expects her income to increase 2.52% per year during her career. You can allocate the raise evenly each month (divide by 12...). If she works for 37.00 years, how much will she have saved in this mutual fund?

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