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You wish to retire in 30 years, so you begin a 401K program that pays $125 into your account weekly at 6.35% interest. (Assume 401K
You wish to retire in 30 years, so you begin a 401K program that pays $125 into your account weekly at 6.35% interest. (Assume 401K is compounded weekly, ordinary time) 24. How much will you have when you retire? 25. How much did you pay into the annuity? 26. How much interest did you receive over the thirty years?.
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