Joannie is in the 396 tax bracket she works for a company, Ask an Expert

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Joannie is in the 39.6% tax bracket. She works for a company that matches 50% of employees' contributions to their 401(k) retirement accounts. Joannie decides to add $2,000 to her account, which she expects to earn an average of 4% annually until she retires in twenty years. What is Joannie's return on the investment immediately upon making the deposit?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92309151

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