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(b) Both Harry and Belinda are covered by defined- contribution retirement plans at work. Harry con tributes 55,400 to his plan and his employer puts
(b) Both Harry and Belinda are covered by defined- contribution retirement plans at work. Harry con tributes 55,400 to his plan and his employer puts in $2,700. Belinda contributes 56,600 and her em ployer puts in $3,300. Assuming a percent rate of return, what woukt their Doubined retirement nest egg (now valued at $4020001 total 25 years from now if they keep contributing? (Hint: Use Appendix A-3 or visit the Garmes Forque companion website.)
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