How many dollars they contribute to a roth ira each year
Problem
"Violet has access to a 401(k) with a 120% match up to 3%. If their salary is $39000 and they want to save 12.1% of their salary per year for retirement, how many dollars should they contribute to a Roth IRA each year?"
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she can earn 9% compounded annually until age 65 and then 5% compounded annually when the fund is paying out, how much money must she invest today?
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If their salary is $39000 and they want to save 12.1% of their salary per year for retirement, how many dollars should they contribute to a Roth IRA each year?
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