Dori is planning to retire in 44 years and would like to plan for her retirement by depositing $10,000 in a saving account at the local bank, earning her 4% per year compounded annually. She thinks her new job will allow her to deposit $1500 at the end of the second year, and make a deposit every other year after that increasing by $200 every time. How much will she have collected for her retirement at the end of the 44th year
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Dori is planning to retire in 44 years and would like to plan for her retirement by depositing $10,0...
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