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Consider that you are 35 years old and have just changed to a new job....

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Accounting

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Consider that you are 35 years old and have just changed to a new job. You have $80,000 in the retirement plan from your former employer. You can roll that money into the retirement plan of the new employer. You will also contribute $5,000 each year into your new employer's plan. Assume that your rolled over money and the new contributions both earn a 7 percent return Required: Calculate how much you should expect to have when you retire in 30 years

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