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Starting today, you are going to contribute $240 on the first of each month to your retirement account. Your employer will contribute an additional 50%

Starting today, you are going to contribute $240 on the first of each month to your retirement account. Your employer will contribute an additional 50% of the amount you contribute. If both you and your employer continue to do and you can earn an effective monthly rate of 0.70%, how much will you have in your retirement account 39 years from now?

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