Your employer is now offering a matching program for employees who participate in the corporate 401(k) plan. If you contribute 6% of your gross income to the account monthly, your employer will match your contribution. If you make $4000 per month, how much will be in your account after 40 years if you can average 7% APR. A. $5,647,090.80 B. $1,259,898.25 C. $23,465.46 D. $2,823,545.40

Your employer is now offering a matching program for employees who participate in the corporate 401(k) plan. If you contribute 6% of your gross income to the account monthly, your employer will match your contribution. If you make $4000 per month, how much will be in your account after 40 years if you can average 7% APR. A. $5,647,090.80 B. $1,259,898.25 C. $23,465.46 D. $2,823,545.40

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter2: Career Planning

Section: Chapter Questions

Problem 3DTM

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