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Business, 12.04.2021 21:00 bladencharles8845

Your company sponsors a 401(k) plan into which you deposit 10 percent of your $89,000 annual income. Your company matches 50 percent of the first 5 percent of your earnings. You expect the fund to yield 8 percent next year. Assume you are currently in the 31 percent tax bracket. a. What is the total annual investment in the 401(k) plan at year-end? (Round your answer to the nearest whole number. (e. g., 32)) b. What is your one-year return?

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