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Retirement Funding. Barry has just become eligible for his employer-sponsored retirement plan. Barry is 35 and plans to retire at 65 . Barry calculates that
Retirement Funding. Barry has just become eligible for his employer-sponsored retirement plan. Barry is 35 and plans to retire at 65 . Barry calculates that he can contribute $3,700 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 $699,010 at retirement. Assuming a return of 7%, how much would Barry have if he could invest an additional \$1,040 per year that his employer would match beginning at age 35 ? If Barry could invest an additional $1,040 per year that his employer would match beginning at age 35, at retirement, he would have $. (Round to the nearest dollar.)
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