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Your company sponsors a 4 0 1 ( k ) plan into which you deposit 1 0 percent of your $ 1 2 5 ,
Your company sponsors a k plan into which you deposit percent of your $ annual income. Your company matches percent of the first percent of your earnings. You expect the fund to yield percent next year. Assume you are currently in the percent tax bracket.
a What is your annual investment in the k plan? Round your answer to the nearest whole number. eg
b What is your oneyear return?
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