LO.4, 6 Louis is a participant in a SIMPLE IRA of his employer Brown, Inc. During 2012,

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LO.4, 6 Louis is a participant in a SIMPLE IRA of his employer Brown, Inc. During 2012, he contributes 8% of his salary of $63,000, and his employer contributes 3%. What is the total amount that will be vested in his account at the end of 2012?

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