Mathematics

7 May, 11:22

Will is 30 years old and works for a company that matches his 401 (k) contribution up to 3%. The interest rate for his 401 (k) is 7.13%. If he puts away 9% of his $41,000 salary every year, how much would he have saved in 10 years? Round your answer to the nearest cent.

a.

$52,835.72

b.

$56,602.91

c.

$68,395.76

d.

$73,272.37

+2

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