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Your friend is able to invest $120 a month in a 401(K) with a predicted growth rate of 3%. your friends company will match 50%

Your friend is able to invest $120 a month in a 401(K) with a predicted growth rate of 3%. your friends company will match 50% of your friends contributions.

a. how much was deposited over 20 years by your friend? by the company? (round to the nearest dollar)

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