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You have signed up for your 4 0 1 k and will deposit $ 1 , 2 0 0 into your 4 0 1 k

You have signed up for your

401

k and will deposit $

1, 200

into your

401

k when you are paid at the end of each month. If you earn a compound annual rate of return of

11 %,

how much will you have in

25

years?

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