gross mothly income = 7070.52

sorry mothly income is 7070.31 not 7070.52

a. Your job offers a retirement savings plan to match your investments into an account, up to 5% of your gross monthly income. This account eams 5.7% compounded monthly. If you start using the company retirement plan when you are hired (at 22) but stop adding money to the account after three years when you get a raise, how much money will be in the account when you retire (at 65)? (401(k) plans have an average annual return of 5% to 8%)