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Jace deposits the maximum of $18,000 per year making monthly contributions to his 401(k). He waited to start saving for retirement and is 15 years
Jace deposits the maximum of $18,000 per year making monthly contributions to his 401(k). He waited to start saving for retirement and is 15 years away from when he'd like to retire. He is currently earning 8.5% annualized rate of return. How much will Jace have in his 401(k) at the end of the 15 years?
| A. | $542,680 | |
| B. | $540,258 | |
| C. | $546,753 | |
| D. | $539,981 |
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