How big will you expect that retirement account to be, Financial Accounting

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How big will you expect that retirement account to be

Problem

You started your first job after graduating from college. Your company offers a retirement plan for which the company contributes 25 percent of what you contribute each year. You expect to contribute $5,000 per year from your salary. You decide to invest the contributions in assets that you expect to earn 8 percent per year. If you plan to retire in 35 years, how big will you expect that retirement account to be?

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Financial Accounting: How big will you expect that retirement account to be

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