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Congratulations! You have just received your first job after college and have decided to start saving for retirement. You have decided to contribute $ 2

Congratulations! You have just received your first job after college and have decided to start saving
for retirement. You have decided to contribute $250.00 on the first of each month, starting today, to your
retirement account. Your employer will provide a 50 percent match. In other words, your employer will add
$125.00 to the amount you save each month. If both your employer and you continue to do this and you
believe you can earn an interest rate of 6.00% per year compounded monthly, how much will you have in
your retirement account 25 years from now?

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