Compare Alex's retirement investment options. He wants to know how much he will have in 25 years if he invests $800 per month at 8% (annual rate) with the employers matching his contribution? Will this amount be enough to meet his retirement number of $1,500,000? What if his 401k investments return 10% per year? Calculate the amounts, then advise him and answer the question below.

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To compare Alexs retirement investment options lets calculate the future value of his investments un... View the full answer