An employee contributes $15,000 to a 401(k) plan each year, and the company matches 10 percent of this annually, or $1,500. The employee can allocate the contributions among equities (earning 12 percent annually), bonds (earning 5 percent annually), and money market securities (earning 3 percent annually). The employee expects to work at the company 20 years. The employee can contribute annually along one of the three following patterns:

	Option 1	Option 2	Option 3
Equities	60%	50%	40%
Bonds	40	45	50
Money market securities	0	5	10
	100%	100%	100%

Calculate the terminal value of the 401(k) plan for each of the 3 options, assuming all returns and contributions remain constant over the 20 years.