Business, 19.01.2021 21:50 claudia122752

Assume you started a 401(k) retirement account and deposited $19,500 each year (the maximum allowed contribution for 2020 for people younger than 50), and earned 10% per year. In eight years, you would be earning $22,000 per year in interest alone. Is this statement true or false?

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Assume you started a 401(k) retirement account and deposited $19,500 each year (the maximum allowed...

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