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Rex wants to contribute $12,000 per year to his 401k. Assuming an interest rate of 5%, how much will Rex have in 28 years when

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Rex wants to contribute $12,000 per year to his 401k. Assuming an interest rate of 5%, how much will Rex have in 28 years when he turns 65 ? A. $336,000 B. $652,782 C. $700,831 D. $1,025,962

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