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You contribute $200 per month to your retirement plan and your employer matches 50% of that amount every month. Assume that you work for this
You contribute $200 per month to your retirement plan and your employer matches 50% of that amount every month. Assume | ||||||||
that you work for this employer for 10 years and the applicable discount rate is 7.25% per year. Given these assumptions, what | ||||||||
is this benefit worth to you in today's dollars? |
Please include the formula
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