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Amy is looking to contribute $1,200 per month into her Defined-Contribution Pension Plan (DCPP) with her...

Amy is looking to contribute $1,200 per month into her Defined-Contribution Pension Plan (DCPP) with her employer who is providing a 50% match. Her and the employer will make the contributions at the end of each month for the next 10 years. Using a 5%, compounded monthly rate, what will be the value of both the employee and employer contributions at Amy's retirement in 10 years?

$288,987

$279,508

$253,198

$253,723

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