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1. If upon graduation from Radford University, your employer offers a taxed sheltered retirement account plan of opportunity for all employees and include employer matching

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1. If upon graduation from Radford University, your employer offers a taxed sheltered retirement account plan of opportunity for all employees and include employer matching funds up to 3% of each employees annual salary and your staring salary is $48,000 (assuming that you put in the full available 3%) how much can you start putting in this retirement account per month? per year? How much money actually goes into your tax sheltered retirement account including the employer's matching funds per month? per year? If you are in the 25% marginal tax bracket, how much will you take home pay be reduced per month by your decisions to begin investing into this tax sheltered retirement account? Per month? Per year? Based on your decision to being investing immediately and without taking into consideration future increases in your salary and retirement account contributions, if you invest your retirement account into a stock index mutual fund and earn an average return of 9% per year, what is the expected total value of your account after the following periods: 5 years? 10 years? 20 years? 30 years? 40 years

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