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August 1, 2015

Homework Help: Math

Posted by Megan on Monday, March 28, 2011 at 1:15pm.

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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