8. Assume you just turned 35. Your current salary is $100,000, and you anticipate that you will receive 3% annual raises until you retire at age 65. You plan on setting aside 8% of your salary each year for retirement, starting one year from today. If you can earn a 12% return on your retirement account contributions, how much will you have when you retire at age 65?

Q: will you please show solution without excel step by step

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