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Suppose Ron pays 9.8% of his gross wages towards a retirement fund, while his employer contributes another 6.5%. How much will Ron, who earns $47,000

Suppose Ron pays 9.8% of his gross wages towards a retirement fund, while his employer contributes another 6.5%. How much will Ron, who earns $47,000 a year, contribute towards his retirement fund out of his gross wages? Answer: $ _________ Note: Round to 2 decimal places

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