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Today is January 1. Starting today, Sam is going to contribute $140 on the first of each month Today is January 1. Starting today, Sam

Today is January 1. Starting today, Sam is going to contribute $140 on the first of each month Today is January 1. Starting today, Sam is going to contribute $140 on the first of each month to his retirement account. His employer contributes an additional 50% of the amount contributed by Sam. If both Sam and his employer continue to do this and Sam can earn a monthly rate of of 1 percent, how much will he have in his retirement account 35 years from now?

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