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Donna deposits $250 per month to a 401-K account that pays interest at 6.6 percent interest compounded monthly. Deposits are made end of every month.
Donna deposits $250 per month to a 401-K account that pays interest at 6.6 percent interest compounded monthly. Deposits are made end of every month. Her employer matches the deposit at 60 percent. However, the employer deposits the money once a year - at year end. What is the total balance in the account at the end of the 25th year?
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