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You just started a full-time job today and received information on the firms retirement savings program. Your employer will match all your contributions on a
You just started a full-time job today and received information on the firms retirement savings program. Your employer will match all your contributions on a one-to-one basis, and you expect an average annual return of 6%. You decided to make a monthly contribution to your retirement account of $315 at the beginning of each month starting today. How much will you have in 40 years?
A: $1,260,912
B: $1,254,639
C: $1,170,000
D: $1,240,200
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