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Your client currently has $6,000 in a 401K investment account. They contribute $300 a month into this account, earning 6.1% annual return, compounded monthly. If
Your client currently has $6,000 in a 401K investment account. They contribute $300 a month into this account, earning 6.1% annual return, compounded monthly. If they do this for 34 years, what is the value of the investment account in today's real dollars? Assume the average rate of inflation is 2.1%. Answer = $ (Round to the nearest cent/penny.)
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