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(9 points) Isabel has an opportunity to save $170 per month at an APR of 6.15% in a 401K plan through work. She plans to

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(9 points) Isabel has an opportunity to save $170 per month at an APR of 6.15% in a 401K plan through work. She plans to retire in 20 years. The income taxes are at 26% for her. (1) How much will Isabel's monthly take-home pay decrease? Review your course materials for help with this calculation. (Express your answer rounded correctly to the nearest cent!) (2) If Isabel's company offers a 50% matching contribution, use Excel's FV function to determine how much her investment will be worth when she retires. (Express your answer rounded correctly to the nearest cent!) (3) How much interest will Isabel have earned on her investment by the time she retires? Use Excel's FV function to help answer this question. (Express your answer rounded correctly to the nearest cent!) (9 points) Isabel has an opportunity to save $170 per month at an APR of 6.15% in a 401K plan through work. She plans to retire in 20 years. The income taxes are at 26% for her. (1) How much will Isabel's monthly take-home pay decrease? Review your course materials for help with this calculation. (Express your answer rounded correctly to the nearest cent!) (2) If Isabel's company offers a 50% matching contribution, use Excel's FV function to determine how much her investment will be worth when she retires. (Express your answer rounded correctly to the nearest cent!) (3) How much interest will Isabel have earned on her investment by the time she retires? Use Excel's FV function to help answer this question. (Express your answer rounded correctly to the nearest cent!)

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