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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

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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 con contribute annually along one of the three following patterns Option1 Option Option Equities 50% 40% Bonds 50 Money market securities 100 100% 6 40 45 5 10 100% 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

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