Joannie is in the 35% 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?
return on investment:
+5
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