How much will the company match? Lavanya's company offers a (401(k)) account to all employees. Her annual
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How much will the company match?
Lavanya's company offers a \(401(k)\) account to all employees. Her annual salary is \(\$ 58,000\). The company will match employee contributions up to \(7 \%\) of the employee's salary. Lavanya decides to deposit \(\$ 3,200\) annually in the 401 (k). She expects a return of \(8.5 \%\) per year.
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