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Starting today, Dean Jones is going to contribute $300 on the first of each month to his retirement account. His employer will contribute an additional
Starting today, Dean Jones is going to contribute $300 on the first of each month to his retirement account. His employer will contribute an additional 20% of the amount Dean Jones contributes. If both Dean Jones and his employer continue to do this and he can earn a monthly rate of 0.75%, how much will he have in his retirement account 40 years from now? A $1,685,275.30 $1,697,914.86 C $1,672,729.82 D $174,096
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