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1. In 2016, Nina contributes 10 percent of her $100,000 annual salary to her 401(k) account. She expects to earn a 6 percent before-tax rate

1. In 2016, Nina contributes 10 percent of her $100,000 annual salary to her 401(k) account. She expects to earn a 6 percent before-tax rate of return. Assuming she leaves this in the account until she retires in 25 years, what is Ninas after-tax accumulation from her 2016 contributions to her 401(k) account? Assume Ninas marginal tax rate at retirement is 25 percent.

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