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August 23, 2014

Homework Help: Math

Posted by Megan on Sunday, March 27, 2011 at 4:51pm.

A company contributes $170 per month into a retirement fund paying 4.20% compounded monthly and employees are permitted to invest up to $ 2,800 per year into another retirement fund which pays 4.20% compounded annually.

How large can the combined retirement fund be worth in 29 years?

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