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Question
An employee contributes 6% of her salary to her 401(k) plan and her employer contributes another $1,900. The employee earns $75,000 and is in a 28% tax bracket. If the employee earns 8.50% on all funds invested each year and her salary does not change, how much will she have in her account in 20 years?
A. $195,369
B. $213,133
C. $244,667
D. $289,055
E. $309,613
Answer
This answer is hidden. It contains 44 characters.
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