Billy contributes $9,000 per year to his 401(k). His company matches 6% of his contribution. Equity funds are earning 12 percent; bond funds, 5 percent; and money market funds, 2 percent. Billy plans to retire in 30 years. How much money will he have if he puts 5 percent of his money in money market funds, 15 percent in bond funds, and the rest in equity funds?

Select one:

a.

$2,028,496

b.

$1,845,302

c.

$2,438,941

d.

$2,328,497

e.

$2,281,261