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Two former ACE 240 students graduate at the same time and both have a starting salary of $54,000. Former ACE 240 Student #1 puts 15%

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Two former ACE 240 students graduate at the same time and both have a starting salary of $54,000. Former ACE 240 Student #1 puts 15% of that salary, or $8,100, into a 401k every year for 43 years. Former ACE 240 Student #2 puts 9% of that salary, or $4,860, into a 401k every year for 43 years. Both 401k accounts earn 8%/year. At the end of 43 years, how much more money does Student #1 have than Student #2? $256,471.22 more I O $453,253.32 more O $548.322.98 more O $1,067,848.93 more

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