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As a new, full-time employee, Jenny has just become eligible to participate in Googles retirement plan. Google matches her contributions dollar for dollar! The plan
- As a new, full-time employee, Jenny has just become eligible to participate in Googles retirement plan. Google matches her contributions dollar for dollar! The plan averages an annual return of 7% compounded monthly. Jenny is 25 years old and plans to work until age 60. If she contributes 8% of her gross salary on the 1st of each month and her employer matches her contributions at the end of each month, how much will she have in her company retirement plan when she retires? Jennys gross annual salary is $75,000 and is paid on the 1st of each month.
- $1,898,765
- $1,726,744
- $1,839,612
- $1,804,893
- $1,806,307
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