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Emma is 2 7 years old and just started a new job at a company that offers a 4 0 1 ( k ) plan.

Emma is 27 years old and just started a new job at a company that offers a 401(k) plan. Her annual salary is $48,000, and she is paid biweekly. Emma would like to have $800,000 in her 401(k) when she reaches age 65. Her company does not offer any matching, and she expects that her investments can earn 8%. What percent of salary should Emma contribute to her 401(k) to reach her goal?
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