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What percent of salary should natasha contribute

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Natasha is 28 years old and just started a new job at a company that offers a 401(k) plan. Her annual salary is $59,000, and she is paid biweekly. Natasha would like to have $700,000 in her 401(k) when she reaches age 65. Her company does not offer any matching, and she expects that her investments can earn 7%. What percent of salary should Natasha contribute to her 401(k) to reach her goal?

Reference no: EM132395432

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