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An employee contributes $15,100 to a 401(k) plan each year, and the company matches 10 percent of this annually, or $1,510. The employee can allocate

An employee contributes $15,100 to a 401(k) plan each year, and the company matches 10 percent of this annually, or $1,510. The employee can allocate the contributions among equities (earning 11 percent annually), bonds (earning 6 percent annually), and money market securities (earning 4 percent annually). The employee expects to work at the company 20 years. The employee can contribute annually along one of the three following patterns:

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. (Do not round intermediate calculations. Round your answers to the nearest whole number. (e.g., 32))

image text in transcribed employee contributes $15,100 to a 401(k) plan each year, and the company matches 10 percent of this annually, or $1,510. The mployee can allocate the contributions among equities (earning 11 percent annually), bonds (earning 6 percent annually), and money narket securities (earning 4 percent annually). The employee expects to work at the company 20 years. The employee can contribute nnually along one of the three following patterns: alculate the terminal value of the 401(k) plan for each of the 3 options, assuming all returns and contributions remain constant over he 20 years. (Do not round intermediate calculations. Round your answers to the nearest whole number. (e.g., 32))

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