Question

Lauren will make annual contributions in the amount of $4,770, on average, to a 401(k) over the next 34 years. Her employer will match 60% of her contributions. She is currently being taxed at 33%, but anticipates being taxed at 15% upon retirement. If her account grows at an average rate of 5.5% annually, what is the value of Lauren’s 401(k) upon retirement?

$381,435.69

$395,228.47

$481,057.72

$610,297.11

Answer 1

@AwesomeB

Answer 2

@bahrom7893

Answer 3

@ash2326