An engineer contributes $5,000 per year to her retirement account out of her year-end bonus. The interest rate is 8%, compounded annually. How much money will she have in the account after 35 years?

Economics Today and Tomorrow, Student Edition
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Chapter6: Saving And Investing
Section6.1: Why Save?
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An engineer contributes $5,000 per year to her retirement account out of her year-end bonus. The interest rate is 8%, compounded annually. How much money will she have in the account after 35 years?

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