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23. Employee plus employer contributions to a 401 (k) are $15,000 per year. Equity funds are earning 15%, bond funds 8% and money market funds

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23. Employee plus employer contributions to a 401 (k) are $15,000 per year. Equity funds are earning 15%, bond funds 8% and money market funds 6%. The employee wants to retire as soon as possible with $1 million in retirement assets. How much more quickly can he retire if he puts all his money in equity than if he puts one third in each? A) 3.3 years B) 9.7 years C) 4.6 years D) 2.4 years E) 12.2 years

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