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Betty earns $100,000 per year. Her company provides a matching contribution in a 401k plan of 50% up to a maximum of 4%. Her 401k
Betty earns $100,000 per year. Her company provides a matching contribution in a 401k plan of 50% up to a maximum of 4%. Her 401k account had $60,000 at the beginning of the year. She contributed $15,000 this year and the employer made the matching contribution. The ending balance is $100,000. What is her rate of return on investments this year?
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