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Answer to Question #254781 in Financial Math for David

Question #254781
Alicia makes $52,000 per year. Her company offers a 401(k) retirement plan in which they will match 50% of her contributions up to 10% of her salary. She can make contributions up to a maximum of 25% of her salary. Alicia only wants to contribute an amount equal to her employer's maximum contribution to her account. How much should she contribute monthly? A. $216.67 B. $1083.33 C. $108.33 D. $433.33
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