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Question 12: You just a new job with a retirement plan called a 401(k). Congratulations! You plan to save $100 per week in the plan,
Question 12:
You just a new job with a retirement plan called a 401(k). Congratulations! You plan to save $100 per week in the plan, and your employer will add another $100 per week to that! Assume you can earn 8.0% on your savings each year. How much will you have in 30 years in your 401(k) retirement account?
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