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Homework answers / question archive / Let's say you earned an average of $46,000 per year in the first 10 years of your career

Let's say you earned an average of $46,000 per year in the first 10 years of your career

Finance

Let's say you earned an average of $46,000 per year in the first 10 years of your career. Your employer was willing to match 50% of your 401k contributions up to 6% of your salary. You decided to contribute 4%. Assuming you have an annual rate of return of 10% (which is a reasonable rate of growth for mutual fund equity investments) how much money will you have after 10 years?

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