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Daniella, age 35, estimates she can save $10,000 this year for retirement and will increase this...

Daniella, age 35, estimates she can save $10,000 this year for retirement and will increase this by 2.0% inflation until she retires at age 67. She estimates she can earn 5% a year. How much will she have when she retires if she saves at the end of each year?

a. $941,658

b. $1,008,140

c. $960,134

d. $896,817

e. None of the above

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