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A Lipscomb engineer hires into their first job on their 2 2 birthday and goes to work for a firm that will match their retirement
A Lipscomb engineer hires into their first job on their birthday and goes to work for a firm that will match their retirement savings dollar for dollar up to $ per month. The employee decides to invest $ of their pay each month and thus capture an equal amount of the employer matching contribution. The total amount $ month counting both employer and employee contribution is deposited at the end of each month into a mutual fund that earns a nominal per year. How much money will have accumulated in that account after thirtyfive years? Select closest answer
a $
$
c $
d $
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