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Jessie has accepted a new job and is thinking about cashing out the $46,400 she has accumulated in her employer's 401(k) plan to buy a

Jessie has accepted a new job and is thinking about cashing out the $46,400 she has accumulated in her employer's 401(k) plan to buy a new home. If, instead, she left the funds in the plan and they are projected to return 8.87 percent annually for the next 30 years, how much would Jessie have in her plan?

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I/Y

PV

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FV CPT

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