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How much will Stephen have in his retirement account

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Reference no: EM133014524

Question - Starting today, Stephen is going to contribute $200 on the first of each month to his retirement account. His employer will contribute an additional 50 percent of the amount Stephen contributes. If both Stephen and his employer continue to do this and he can earn a monthly rate of 0.75 percent, how much will Stephen have in his retirement account 40 years from now?

Reference no: EM133014524

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