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c. Nancy wants to contribute $8,000 at the end of each year into a 401(k) plan for 20 years with the expectation of an annual
c. Nancy wants to contribute $8,000 at the end of each year into a 401(k) plan for 20 years with the expectation of an annual 6% interest earned. If the first contribution occurs at year-end, what amount will be in her 401(k) in 20 years? The future value of an ordinary annuity at 6% in 20 years is 36.7856. Round your answer to the nearest dollar.
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