The fringe benefits is a company contribution

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Reference no: EM131004807

You have just started a new job and one of the fringe benefits is a company contribution of $5,000 every year into a retirement savings account. Assuming the contribution amounts remain unchanged and that the account earns an average of 8% per year, which of the following is closest to the amount you will have accumulated in the account after working for the company for 25 years?

A) $125,500

B) $365,000

C) $540,000

D) $680,000

Reference no: EM131004807

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