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Business, 04.03.2020 17:12 alex6toes

Many companies offer retirement plans wherein the company matches the contributions made by the employee up to 6% of the employee's salary. An engineer planning for her retirement expects to invest the maximum of 6% each year. Her salary in year one is $60,000 and is expected to increase by 4% each year. Including the employer's contributions, how much will she have in her account at the end of 20 years if interest accrues at 7% per year?

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