Question: Chris gets paid once a month and contributes $200 each pay period into his 401(k). If Chris plans on retiring in 20 years, what will

Chris gets paid once a month and contributes $200 each pay period into his 401(k). If Chris plans on retiring in 20 years, what will be the value of his 401(k) if the per annum rate of return of the 401(k) is 10% compounded monthly?

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