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Business, 10.11.2020 16:40 enrique2211

Your company sponsors a 401(k) plan into which you deposit 12 percent of your $70,000 annual income. Your company matches 50 percent of the first 4 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. What is the total annual investment in the 401(k) plan at year-end

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Your company sponsors a 401(k) plan into which you deposit 12 percent of your $70,000 annual income....
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