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Assume you are 2 5 and earn $ 3 0 , 7 0 0 per year, never expect to receive a raise, and plan to

Assume you are 25 and earn $30,700 per year, never expect to receive a raise, and plan to retire at age 55. If you invest 5 percent of your salary in a401(k) plan returning 6 percent annually, and the company provides a $0.50 per $1.00 match on your contributions up to 3 percent of salary, what is the estimated future value of your401(k) account? Once you retire, how much can you withdraw monthly if you want to deplete your account over 30years?The estimated future value is $enter your response here. (Round to the nearest cent.)
If you want to deplete your account over 30years, the amount you would be able to withdraw is $enter your response here. (Round to the nearest cent.)

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