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You begin working at age 26, and your employer deposits $340 per month into a retirement account that pays an APR of 8.4% compounded monthly.
You begin working at age 26, and your employer deposits $340 per month into a retirement account that pays an APR of 8.4% compounded monthly. You expect to retire at age 65. A. What will be the size of your nest egg at age 65? Round your answer to the nearest cent. $ B. Suppose you are allowed to contribute $90 each month in addition to your employer's contribution. What will be the size of your nest egg at age 65? Round your answer to the nearest cent. $
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