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Starting today, you are going to contribute $250 on the first of each month to your retirement account. Your employer will contribute an additional 50%
Starting today, you are going to contribute $250 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 this and you can earn an effective monthly rate of 0.72%, how much will you have in your retirement account 40 years from now?
Question 21 options:
$1,589,487
$1,629,224
$1,668,961
$1,708,699
$1,748,436
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