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Question 30: (1 Point) Liz has just become eligible to participate in her company's retirement plan; she is excited as her company matches her contributions
Question 30: (1 Point) Liz has just become eligible to participate in her company's retirement plan; she is excited as her company matches her contributions dollar for dollar in this plan at the end of each month. The plan averages an annual return of 8% interest compounded weekly. Liz is 25 years old and plans to retire at age 60. She receives her pay at the beginning of each month and contributes 6% of her gross monthly salary of $3,000 into her retirement plan on the 1st of each month. How much will she have in her retirement plan when she retires? $829,972 $735,608 $971,216 $832,745 S825,798
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