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Business, 06.12.2019 01:31 jbainbynn3198

"your company sponsors a 401(k) plan into which you deposit 12 percent of your $55,000 annual income. your company matches 50 percent of the first 3 percent of your earnings. you expect the fund to yield 8 percent next year. assume you are currently in the 31 percent tax bracket." a. how many dollars did you invest out of your salary in your 401(k) plan this year?

b.
what is your one-year return?

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