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Posted on Aug 01, 2024

Your employer offers a retirement plan which pays 7 . 7 5 % compounded monthly. If you deposit $ 4 0 0 / month for

Your employer offers a retirement plan which pays

7.75 %

compounded monthly. If you

deposit $

400 /

month for

47

years into this retirement plan, how much money will you

have in this account

47

years from now?

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