An individual's salary is now $50,000 per year and he anticipates retiring in 30 more years. If his salary is increased by $2000 each year and he deposits 10% of his yearly salary into a fund that...

Extracted text: An individual's salary is now $50,000 per year and he anticipates retiring in 30 more years. If his salary is increased by $2000 each year and he deposits 10% of his yearly salary into a fund that eams 7% interest compounded quarterly, what will be the amount accumulated at the time of his retirement?