4. Cashing Out 401(k) Plan. Betty Amarrada has accepted a new job and is thinking about cashing out the $30,000 she has built up in her employer’s 401(k)

plan to use to buy a new car. If, instead, she left the funds in the plan and they earn 7 percent annually for the next 30 years, how much would Betty have in her plan?

(Hint: See Appendix A.1.)