Assume you make $6,000 per month end and save 5% of your salary in a 401-K. Also assume your employer provides a 3% match.

If you invested this money for 40 years at a 12% rate of return, how much would you have in your 401-K plan at retirement?

a. $5,703,561.71

b. $5,647,090.80

c. $3,529,431.75

d. $368,203.88