Question
29. At the end of this month, Bryan will start saving $80 a month for retirement through his company's retirement plan. His employer will contribute
29. At the end of this month, Bryan will start saving $80 a month for retirement through his company's retirement plan. His employer will contribute an additional $.25 for every $1.00 that Bryan saves. If he is employed by this firm for 25 more years and earns an average of 11 percent on his retirement savings, how much will Bryan have in his retirement account 25 years from now? a. $126,090.66 b. $127,246.50 c. $157,613.33 d. $159,058.12 e. $165,494.00
Please break down answer using a financial calculator. I am having a hard time understanding which keys to use!
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