Question

Lauren will make annual contributions in the amount of $4,120, on average, to a 401(k) over the next 32 years. Her employer will match 85% 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 4.9% annually, what is the value of Lauren’s 401(k) upon retirement?
$258,851.23

$478,874.78

$482,893.77

$377,466.00

Answer 1

#whpalmer4

Answer 2

@whpalmer4

Answer 3

@wolfe8