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In this section, you need to determine the percentage and dollar amount you contribute into a 4 0 1 k retirement plan earning 6 %

In this section, you need to determine the percentage and dollar amount you contribute into a 401k retirement plan earning 6% interest. You can contribute up to 8% of your 67,000(tax-free prior to taxation) and your company will match your contribution amount. the contribution percentage 5%. calculate the monthly contribution amount (in dollars) to your 401K plan.

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