Problem 4-74 (algorithmic) Question Help Emily Dorsey's current salary is $84,000 per year, and she...
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Problem 4-74 (algorithmic) Question Help Emily Dorsey's current salary is $84,000 per year, and she is planning to retire 19 years from now. She anticipates that her annual salary will increase by $3,000 each year ($84,000 the first year, to $87,000 the second year, $90,000 the third year, and so forth), and she plans to deposit 5% of her yearly salary into a retirement fund that earns 6% interest compounded daily. What will be the amount of interest accumulated at the time of Emily's retirement? Assume 365 days per yoar. The amount of interest accumulated at the time of Emily's retirement will be $ 181 thousand. (Round to the nearest whole number.)
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