Question: Marvin Murphy contributes $400 per month to a payroll deduction 401 (k) at work. His employer matches his contribution up to $200 per month. If

Marvin Murphy contributes $400 per month to a payroll deduction 401 (k) at work. His employer matches his contribution up to $200 per month. If the fund averages 5.4% per year, how much will be in the account in 10 years? See Examples 10 and 14.

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