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Denzel Valentine started working for Bulls Inc., who offers their employees a Traditional 401k matching plan of $0.80 for every $1 contributed up to a

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Denzel Valentine started working for Bulls Inc., who offers their employees a Traditional 401k matching plan of $0.80 for every $1 contributed up to a limit of the first $2,000 contributed by the employee. If Denzel chooses to contribute $2,500 to the 401k each year, and the fund managers believe they can earn a 7.5% annual return, how much will be in the account (FV) after 30 years of matched contributions? Assume Denzel is in the 28% tax bracket. $423,937.55 $543,662.72 $709,518.09 $633,498.30 $396,491.24

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