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answer question 2 and 3 only Berths and Martha are recent college graduates. Each currently carns $85,000 a year and plans to retre in 40

answer question 2 and 3 only image text in transcribed
Berths and Martha are recent college graduates. Each currently carns $85,000 a year and plans to retre in 40 years. Their earnings are expected to increase at a 4.5% annual rate Martha has a 401k tax-advantaged retrement account She contritudes before-tax $1,000 per month to her account only during the first seven years, but she lets her funds compound for the next, 33 yeass. What are Martha's lotal contributons to her account? $06,000$62,000$70,000$94,000 QUESTION 2 accoint? $475,000$600,000$1,500,000$696000 QUESTION 3 How much wout Marthas acceunt hold af rebiement if she earred an annual rahe of 11 SW monithy compounded? $3,47,916$5,407,063$2,009,789$4,425,537

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