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You decide to leave your current employer and have $40,000 in a 401k. You decide to roll this over into your new employer's 401k program.
You decide to leave your current employer and have $40,000 in a 401k. You decide to roll this over into your new employer's 401k program. You plan to contribute $15,000 annually into the 401k program, and are expecting no match from your new employer. Assuming an 8% annual return on investment, how much will you have in 15 years? (You will have both a PV and a PMT.)
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