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You are now 50 years old and plan to retire at age 65. You currently have a stock portfolio worth $100,500, a 401(k) retirement plan
You are now 50 years old and plan to retire at age 65. You currently have a stock portfolio worth $100,500, a 401(k) retirement plan worth $226,100, and a money market account worth $59,700. Your stock portfolio is expected to provide annual returns of 15 percent, your 401(k) investment will earn 9.96 percent annually, and the money market account earns 5.88 percent, compounded monthly. If you do not save another penny, what will be the total value of your investments when you retire at age 657 (Round factor values to 4 decimal places, eg. 1.5212 and final answer to final answer to 2 decimal places, e.g. 15.25.) Total value of investment
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