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3a. How much could Jerry accumulate in his 401k if he invested $5,000 per year, assuming his employer would match the contribution, for 30 years
3a. How much could Jerry accumulate in his 401k if he invested $5,000 per year, assuming his employer would match the contribution, for 30 years at 10%?
3b. Based on 3.a. If the 401K plan has a 2% program maintenance fee which decreased annual returns by 2% 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 10% instead of the 8% that he would make after fees?
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