1) How much could Jerry accumulate in his 401k if he invested $5,500 per year, assuming his employer would match the contribution, for 25 years at 8%?

1b) If the 401K plan has a 1% program maintenance fee which decreased annual returns by 1% each year, how much would the fee have cost him in total? In other words, how much extra would Jerry have made if he could have made 8% instead of the 7% that he would make after fees?

2) How much does Sienna need to contribute to her individual retirement account each year over the next 35 years if her goal is to have $500,000 available at retirement, if she can achieve an annual return on the account is 6%?

2a) how much of the retirement fund represents interest and gains (in excess of contributions) earned?