You start a new job. They give you a variety of investments for your 401K plan. You have 4 choices
A money market fund that historically has returned 2.5% per year
A long term bond fund with an average annual return of 6%
A conservative common stock fund that has earned 8% per year.
An aggressive common stock fund that has earned 14% per year.
If you want to contribute $5000 per year for the next 20 years, how much will you have with each of the options?
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