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Business, 16.03.2020 17:57 scalderon2001

Barry has just become eligible for his employer-sponsored retirement plan. Barry is 40 and plans to retire at 65. Barry calculates that he can contribute $4 comma 500 per year to his plan. Barry's employer will match this amount. If Barry can earn a return of 7% on his investment, he will have $569 comma 241 at retirement. Assuming a return of 7%, how much would Barry have if he could invest an additional $1 comma 140 per year that his employer would match beginning at age 40?

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