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Amy Parker, a 22year old and newly Hired marine biologist has opened a 401(k) retirement plan with her employer. Amy's contribution, plus that of her

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Amy Parker, a 22year old and newly Hired marine biologist has opened a 401(k) retirement plan with her employer. Amy's contribution, plus that of her employer, amounts to $2,300 per year starting at age 23. Amy expects this amount to increase by 3% each year until she retires at the age of 67 (there will bo 45 EOY payments) What is the compounded future value of Amy's 401K) plan, in millions of s, ir it cams an annual interest rate of 5% per year? (n) The compounded nurture value of Army's 401(k) plan is $milion, (Round to three decimal places) ) What will be the compounded ture Value It the plan came an annual interest rate of 3% per year (instead of 5% per year)? $ million (Round to three decimal places

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