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11 June, 12:54

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

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Answers (2)
  1. 11 June, 13:19
    0
    Im pretty sure its b as well on edgenuity if it isnt im truly sorry
  2. 11 June, 16:05
    0
    b.

    $354,452.86 This is the correct answer!
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