Maria Anguiano's current salary is $65,000 a year and she is planning to retire after working 25 years. He expects his annual salary to increase by 3% each year. (This is in the first year you will earn $65,000, in the second year $67,000, in the third year $69,000, and so on.) You plan to deposit 5% of your annual salary into a retirement fund that earns 5% monthly compound annual interest. What will be the amount accumulated when you retire?
