What is the annual value of a 401(k) plan in which the employer agrees to match 3.5% if the employee contributes $10,000?

Annual value of a 401(k) plan is $10350.

Step-by-step explanation:

Since we have given that

Amount of employee contributes = $10000

Rate of interest employer agrees to match = 3.5%

We need to find the annual value of a 401(k) plan :

As we know the formula :

Hence, Annual value of a 401(k) plan is $10350.

the answer is (4,3)

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