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How much will he have at retirement

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Milo has just become eligible for his employer-sponsored matching 401 K retirement plan. Milo is 35 and plans to retire at 65. Milo calculates that he can contribute $4,800 per year to his plan. Milo's employer will match this amount. If Vidar can earn a 8 percent return on his investment, how much will he have at retirement?

Reference no: EM132047953

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