How much will chris and kim each have upon retirement

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Reference no: EM13203643

"Kim invest $1,000 per month into her 401k beginning next month. Chris intends to invest $2,000 per month, but won't begin investing until 10 years after Kim begin. They are both 30 and will retire at 67. 401k plan averages 12% annual return, compounded monthly. How much will Chris and Kim each have upon retirement?"

Reference no: EM13203643

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