A young engineer’s starting salary is $75,000. The engineer expects annual raises of 2%. The engineer will deposit 15% of annual salary at the end of each year in an investment account that averages...

A young engineer’s starting salary is $75,000. The engineer expects annual raises of 2%. The engineer will deposit 15% of annual salary at the end of each year in an investment account that averages 6% interest. How much will the engineer have saved for retirement after 40 years?