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Statement 1: The benefit you could get from a money-purchase plan would be determined both by how much you contributed and the performance of the
Statement 1: The benefit you could get from a money-purchase plan would be determined both by how much you contributed and the performance of the investment in the plan. Statement 2: In a target-benefit pension plan, as long as you make the required contributions, the plan will pay you a targeted benefit when you retire.
a. Statement 2 is True. Statement 1 is false
b. Both statements are false.
c. Statement 1 is True. Statement 2 is false
d. Both statements are true.
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