Question
Ash is going to contribute $100 a month to her retirement account. The first saving will begin one month from today. Her employer matches
Ash is going to contribute $100 a month to her retirement account. The first saving will begin one month from today. Her employer matches her contribution by 50 percent. If these contributions remain constant, and she earns a monthly rate of 0.7 percent, how much will her savings be worth 40 years from now? (Keep at least 3 decimal places in intermediate steps. Choose an answer that is closest to yours.) O $494,281.98 O $416,540.71 O $588,303.56 O $352,151.04
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Authors: Jeff Madura
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