Assume today is the first of the month, and John is going to contribute $100 to his retirement account. He will continue to do deposit $100 on the first of each month for 35 years, when he is planning to retire. As a bonus, his employer will match his contributions. If he continues to do this and he can earn a monthly rate of 0.5 percent, how much will he have when he retires ? $199,149 $284,942 $286,367 $398,298 $400,290