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An engineering firm has a retirement plan wherein the compan

Paper help Economics An engineering firm has a retirement plan wherein the compan

Economics

An engineering firm has a retirement plan wherein the compan

An engineering firm has a retirement plan wherein the company will match an employee’s stock purchas… Show more An engineering firm has a retirement plan wherein the company will match an employee’s stock purchases up to $5,000 per year, provided the employee has been with the firm at least 10 years. If an employee hired 10 years age purchases stock in the maximum amount from the time he started., (a) What was the rate of return on his money if the value of his retirement fund is now $150,000? (b) What was the rate of return on the total invested (i.e., his and the company’s money)? • Show less

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