In a tax-deferred investment plan such as a 401k, you can invest money deducted from your gross
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In a tax-deferred investment plan such as a 401k, you can invest money deducted from your gross salary before taxes are withheld. Most companies provide some sort of matching contribution. Suppose you invest $10,000/y via salary deduction, with an equal company match, for 40 years. What is the future value of this investment after 40 years? Repeat this calculation for the cases where you delay the investment plan for 10, 20, and 30 years. Assume an 8% annual rate of return.
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Analysis Synthesis And Design Of Chemical Processes
ISBN: 9780134177403
5th Edition
Authors: Richard Turton, Joseph Shaeiwitz, Debangsu Bhattacharyya, Wallace Whiting
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