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Employer-sponsored retirement plan

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Barry has just become eligible for his? employer-sponsored retirement plan. Barry is 40 and plans to retire at 65. Barry calculates that he can contribute ?$3,800 per year to his plan.? Barry's employer will match this amount. If Barry can earn a return of 10?% on his? investment, he will have ?$747,437.65 at retirement. How much would Barry have at retirement if he had started this plan at age 30??

Reference no: EM133119432

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