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How much interest is earned in the account

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Question - Your friend is investing in a 401(k) that promises 2% annual growth. He plans on investing $250 each month for 30 years. Excel returns a value of $123,181.35 for the balance in the 401(k) after 30 years. How much interest is earned in the account after 30 years?

Reference no: EM132515627

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