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Please show solution and formula 15. You contribute $200 per month to your retirement plan and your employer matches 50% of that amount every month.

image text in transcribed Please show solution and formula

15. You contribute $200 per month to your retirement plan and your employer matches 50% of that amount every month. Assume that you work for this employer for 10 years and the applicable discount rate is 7.25% per year. Given these assumptions, what is this benefit worth to you in today's dollars

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