Suppose you earn $75,000 per year. You deposit 12% of your total income each month into a

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Suppose you earn $75,000 per year. You deposit 12% of your total income each month into a 401K annuity. Your employer contributes an additional 3%.

A: How much is deposited each month?

B: If you continue to pay the same amount into this annuity for the duration of 30 years, how much money in total is in the account at the end?

C: How much of that is from interest?

annuity is 30yr.

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Introduction to Java Programming, Comprehensive Version

ISBN: 978-0133761313

10th Edition

Authors: Y. Daniel Liang

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Posted Date: Apr 29, 2022 05:08 AM

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Suppose you earn $75,000 per year. You deposit 12% of your total income each month into a

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Solution A Amount Deposited each month If an amount of 75000 is earned each year then earnings per m... View the full answer

Introduction to Java Programming, Comprehensive Version

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