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If an Employee Earning $75,000 Per Year Annually for 20

Question 1

Multiple Choice

If an employee earning $75,000 per year annually for 20 years contributes 6% to their 401(k) plan and the employer matches 3%, plus contributes $5000 to a Roth IRA annually for 20 years, how much money will the employee have at the end of 20 years assuming all funds are invested at 6% per annum?


A) $432,231
B) $524,234
C) $450,456
D) $365,056

Correct Answer:

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