You want to retire at the end of 25 years. You start contributing $450 at the end of each month into a dedicated retirement account and your employer contributes matching funds into that same account. The final payment into the account will be made on the day you begin retirement. Funds deposited into the retirement account earn an annual 4.3 percent return. 

Ignoring taxes and inflation, calculate the accumulated amount in the retirement fund when you retire.

Answer rating: 100% (QA)

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