An employee contributes $15,400 to a 401(k) plan each year, and the company matches 10 percent of this annually, or $1,540. The employee can allocate the contributions among equities (earning 12 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:

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

An employee contributes $15,400 to a 401(k) plan each year, and the company matches 10 percent of this annually, or $1,540. The employee can allocate the contributions among equities (earning 12 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: TTT Option 1 60% Option 2 50% Option 3 40% Equities Bonds 40 45 50 5 10 Money market securities 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. (Do not round intermediate calculations. Round your answers to the nearest whole number. (e.g., 32)) Option 1 Option 2 Option 3 An employee contributes $15,400 to a 401(k) plan each year, and the company matches 10 percent of this annually, or $1,540. The employee can allocate the contributions among equities (earning 12 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: TTT Option 1 60% Option 2 50% Option 3 40% Equities Bonds 40 45 50 5 10 Money market securities 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. (Do not round intermediate calculations. Round your answers to the nearest whole number. (e.g., 32)) Option 1 Option 2 Option 3