Mathematics, 26.09.2019 13:20 anonymousanon

Tina contributes 9.5% of her monthly salary towards her 401(k) and her employer matches her contribution up to 5.4% of her annual salary. if the interest rate of her 401(k) is 8.1% compounded monthly and her monthly salary is $2,461, determine the amount in her account after 25 years. round to the nearest cent.

a.

$339,804.33

b.

$354,452.86

c.

$344,941.24

d.

$347,269.59

Answers: 1

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Tina contributes 9.5% of her monthly salary towards her 401(k) and her employer matches her contribu...