What is joannies return on the investment immediately

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Reference no: EM131962186

Joannie is in the 39.6% tax bracket. She works for a company that matches 50% of employees\' contributions to their 401(k) retirement accounts.

Joannie decides to add $2,000 to her account, which she expects to earn an average of 4% annually until she retires in twenty years.

What is Joannie\'s return on the investment immediately upon making the deposit?

Reference no: EM131962186

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