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Betty earns $100,000 working as a part time lawyer in New Orleans. The company provides a 1-to-1 matching contribution in the 401(k) plan up to
Betty earns $100,000 working as a part time lawyer in New Orleans. The company provides a 1-to-1 matching contribution in the 401(k) plan up to a maximum contribution of 4% of compensation. Her 401(k) plan account had $50,000 in it at the beginning of the year. She contributed $15,500 to the plan this year and the employer made the matching contribution before year-end. The ending balance of the account is $87,000. What is her return on investments this year?
Group of answer choices
a)6.675%.
b)18.3%.
c)29.2%.
d)35%.
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