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What percent of his salary should he contribute to account

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Reference no: EM133043826

Question - GreenStar offers its employees a 401(k) plan. The company matches employee contributions at 75% up to 10%. Dylan just started working for GreenStar. His annual salary is $53,875, and he's paid monthly. Dylan would like to have $400,000 in his 401(k) when he retires in 26 years. If his investments earn 7.5%, what percent of his salary should he contribute to his account?

Reference no: EM133043826

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