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Retirement Funding. Barry has just become eligible for his employer-sponsored retirement plan. Barry is 40 and plans to retire at 65 . Barry calculates that

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Retirement Funding. Barry has just become eligible for his employer-sponsored retirement plan. Barry is 40 and plans to retire at 65 . Barry calculates that he can contribute $4,000 per year to his plan. Barry's employer will match this amount. If Barry can earn a return of 7% on his investment, he will have $505,992 at retirement. Assuming a return of 7%, how much would Barry have if he could invest an additional $670 per year that his employer would match beginning at age 40 ? If Barry could invest an additional $870 per year that his employer would match beginning at age 40 , at retirement, ho would have 3 nearest dollar.) (Round to the

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