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July 5, 2015

Homework Help: Finance

Posted by Susan on Friday, January 16, 2009 at 6:24pm.

Your company sponsors a 401(k) plan into which you deposit 12 percent of your $60,000 annual income. Your company matches 50 percent of the first 5 percent of your earnings. You expect the fund to yield 10 percent next year. If you are currently in the 31 percent tax bracket, what is your annual investment in the 401(k) plan and your one-year return?

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