At the end of this month les will start saving 200 a month, Financial Management

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At the end of this month les will start saving 200 a month

At the end of this month, Les will start saving $200 a month for retirement through his company's retirement plan. His employer will contribute an additional $.50 for every $1.00 that he saves. If he is employed by this firm for 30 more years and earns an average of 8.25 percent on his retirement savings, how much will he have in his retirement account 30 years from now? $589,406.19 $401,005.25 $540,311.67 $470,465.70 $503,289.01

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Financial Management: At the end of this month les will start saving 200 a month

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