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Daniel's new employer offers a 4 0 1 ( k ) plan that has a 1 0 0 % match up to 5 % .

"Daniel's new employer offers a 401(k) plan that has a 100% match up to 5%. They would like to save $2,000/yr of their $49,000 salary for retirement. Assuming there are no contribution limits for IRAs, how many dollars should they contribute to their 401(k) each year?"

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