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OpenStudy (anonymous):
Justin makes annual contributions of $2,975 to a 401(k). His employer matches 75% of his contributions. His account will grow at an average rate of 7.4% every year. He is currently taxed at 28%, but anticipates being taxed at 15% during retirement. If Justin retires in 37 years, what is the value of his 401(k) at that time?
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