In 2018, Nina contributes 11 percent of her $119,000 annual salary to her 401(k) account. She expects to earn a 5 percent before-tax rate of return. Assuming she leaves this (and any employer contributions) in the account until she retires in 25 years, what is Ninas after-tax accumulation from her 2018 contributions to her 401(k) account? (Use Table 3, Table 4.) (Round your intermediate calculations and final answers to the nearest whole dollar amount.)

c. Assume Ninas marginal tax rate at retirement is 40 percent.

What is the after tax proceeds from distribution?

3.0% 3.75% 4.0% 4.25% 5.0% 6.0% 7.0% Present Value of $1 Periods 1.0% 1 0.99010 2 0.98030 3 0.97059 4 0.96098 5 0.95147 6 0.94205 7 0.93272 8 0.92348 9 0.91434 10 0.90529 11 0.89632 12 0.88745 13 0.87866 14 0.86996 15 0.86135 16 0.85282 17 0.84438 18 0.83602 19 0.82774 20 0.81954 25 0.77977 30 0.74192 2.0% 0.98039 0.96117 0.94232 0.92385 0.90573 0.88797 0.87056 0.85349 0.83676 0.82035 0.80426 0.78849 0.77303 0.75788 0.74301 0.72845 0.71416 0.70016 0.68643 0.67297 0.60953 0.55207 0.97087 0.94260 0.91514 0.88849 0.86261 0.83748 0.81309 0.78941 0.76642 0.74409 0.72242 0.70138 0.68095 0.66112 0.64186 0.62317 0.60502 0.58739 0.57029 0.55368 0.47761 0.41199 0.96386 0.92902 0.89544 0.86307 0.83188 0.80181 0.77283 0.74490 0.71797 0.69202 0.66701 0.64290 0.61966 0.59726 0.57568 0.55487 0.53481 0.51548 0.49685 0.47889 0.39838 0.33140 0.96154 0.92456 0.88900 0.85480 0.82193 0.79031 0.75992 0.73069 0.70259 0.67556 0.64958 0.62460 0.60057 0.57748 0.55526 0.53391 0.51337 0.49363 0.47464 0.45639 0.37512 0.30832 0.95923 0.92013 0.88262 0.84663 0.81212 0.77901 0.74725 0.71679 0.68757 0.65954 0.63265 0.60686 0.58212 0.55839 0.53562 0.51379 0.49284 0.47275 0.45348 0.43499 0.35326 0.28689 0.95238 0.90703 0.86384 0.82270 0.78353 0.74622 0.71068 0.67684 0.64461 0.61391 0.58468 0.55684 0.53032 0.50507 0.48102 0.45811 0.43630 0.41552 0.39573 0.37689 0.29530 0.23138 0.94340 0.89000 0.83962 0.79209 0.74726 0.70496 0.66506 0.62741 0.59190 0.55839 0.52679 0.49697 0.46884 0.44230 0.41727 0.39365 0.37136 0.35034 0.33051 0.31180 0.23300 0.17411 0.93458 0.87344 0.81630 0.76290 0.71299 0.66634 0.62275 0.58201 0.54393 0.50835 0.47509 0.44401 0.41496 0.38782 0.36245 0.33873 0.31657 0.29586 0.27651 0.25842 0.18425 0.13137 Periods 8.0% 15.0% 20.0% 25.0% 1 w N 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 0.92593 0.85734 0.79383 0.73503 0.68058 0.63017 0.58349 0.54027 0.50025 0.46319 0.42888 0.39711 0.36770 0.34046 0.31524 0.29189 0.27027 0.25025 0.23171 0.21455 0.14602 0.09938 9.0% 0.91743 0.84168 0.77218 0.70843 0.64993 0.59627 0.54703 0.50187 0.46043 0.42241 0.38753 0.35553 0.32618 0.29925 0.27454 0.25187 0.23107 0.21199 0.19449 0.17843 0.11597 0.07537 10.0% 0.90909 0.82645 0.75131 0.68301 0.62092 0.56447 0.51316 0.46651 0.42410 0.38554 0.35049 0.31863 0.28966 0.26333 0.23939 0.21763 0.19784 0.17986 0.16351 0.14864 0.09230 0.05731 11.0% 0.90090 0.81162 0.73119 0.65873 0.59345 0.53464 0.48166 0.43393 0.39092 0.35218 0.31728 0.28584 0.25751 0.23199 0.20900 0.18829 0.16963 0.15282 0.13768 0.12403 0.07361 0.04368 12.0% 0.89286 0.79719 0.71178 0.63552 0.56743 0.50663 0.45235 0.40388 0.36061 0.32197 0.28748 0.25668 0.22917 0.20462 0.18270 0.16312 0.14564 0.13004 0.11611 0.10367 0.05882 0.03338 13.0% 0.88496 0.78315 0.69305 0.61332 0.54276 0.48032 0.42506 0.37616 0.33288 0.29459 0.26070 0.23071 0.20416 0.18068 0.15989 0.14150 0.12522 0.11081 0.09806 0.08678 0.04710 0.02557 14.0% 0.87719 0.76947 0.67497 0.59208 0.51937 0.45559 0.39964 0.35056 0.30751 0.26974 0.23662 0.20756 0.18207 0.15971 0.14010 0.12289 0.10780 0.09456 0.08295 0.07276 0.03779 0.01963 0.86957 0.75614 0.65752 0.57175 0.49718 0.43233 0.37594 0.32690 0.28426 0.24718 0.21494 0.18691 0.16253 0.14133 0.12289 0.10686 0.09293 0.08081 0.07027 0.06110 0.03038 0.01510 0.83333 0.69444 0.57870 0.48225 0.40188 0.33490 0.27908 0.23257 0.19381 0.16151 0.13459 0.11216 0.09346 0.07789 0.06491 0.05409 0.04507 0.03756 0.03130 0.02608 0.01048 0.00421 0.80000 0.64000 0.51200 0.40960 0.32768 0.26214 0.20972 0.16777 0.13422 0.10737 0.08590 0.06872 0.05498 0.04398 0.03518 0.02815 0.02252 0.01801 0.01441 0.01153 0.00378 0.00124 3.0% 3.75% 4.0% 6.0% 7.0% Present Value of Annuity of $1 Periods 1.0% 1 0.99010 2 1.97040 3 2.94099 4 3.90197 5 4.85343 6 5.79548 7 6.72819 8 7.65168 9 8.56602 10 9.47130 11 10.36763 12 11.25508 13 12.13374 14 13.00370 15 13.86505 16 14.71787 17 15.56225 18 16.39827 19 17.22601 20 18.04555 25 22.02316 30 25.80771 2.0% 0.98039 1.94156 2.88388 3.80773 4.71346 5.60143 6.47199 7.32548 8.16224 8.98259 9.78685 10.57534 11.34837 12.10625 12.84926 13.57771 14.29187 14.99203 15.67846 16.35143 19.52346 22.39646 0.97087 1.91347 2.82861 3.71710 4.57971 5.41719 6.23028 7.01969 7.78611 8.53020 9.25262 9.95400 10.63496 11.29607 11.93794 12.56110 13.16612 13.75351 14.32380 14.87747 17.41315 19.60044 0.96386 1.89287 2.78831 3.65138 4.48326 5.28507 6.05790 6.80280 7.52077 8.21279 8.87979 9.52269 10.14236 10.73962 11.31530 11.87017 12.40498 12.92046 13.41731 13.89620 16.04320 17.82925 0.96154 1.88609 2.77509 3.62990 4.45182 5.24214 6.00205 6.73274 7.43533 8.11090 8.76048 9.38507 9.98565 10.56312 11.11839 11.65230 12.16567 12.65930 13.13394 13.59033 15.62208 17.29203 4.25% 0.95923 1.87936 2.76198 3.60861 4.42073 5.19974 5.94699 6.66378 7.35135 8.01089 8.64354 9.25039 9.83251 10.39090 10.92652 11.44031 11.93315 12.40590 12.85938 13.29437 15.21734 16.77902 5.0% 0.95238 1.85941 2.72325 3.54595 4.32948 5.07569 5.78637 6.46321 7.10782 7.72173 8.30641 8.86325 9.39357 9.89864 10.37966 10.83777 11.27407 11.68959 12.08532 12.46221 14.09394 15.37245 0.94340 1.83339 2.67301 3.46511 4.21236 4.91732 5.58238 6.20979 6.80169 7.36009 7.88687 8.38384 8.85268 9.29498 9.71225 10.10590 10.47726 10.82760 11.15812 11.46992 12.78336 13.76483 0.93458 1.80802 2.62432 3.38721 4.10020 4.76654 5.38929 5.97130 6.51523 7.02358 7.49867 7.94269 8.35765 8.74547 9.10791 9.44665 9.76322 10.05909 10.33560 10.59401 11.65358 12.40904 9.0% 11.0% 12.0% 15.0% 20.0% Periods 8.0% 1 0.92593 2 1.78326 3 2.57710 4 3.31213 5 3.99271 6 4.62288 7 5.20637 8 5.74664 9 6.24689 10 6.71008 11 7.13896 12 7.53608 13 7.90378 14 8.24424 15 8.55948 16 8.85137 17 9.12164 18 9.37189 19 9.60360 20 9.81815 0.91743 1.75911 2.53129 3.23972 3.88965 4.48592 5.03295 5.53482 5.99525 6.41766 6.80519 7.16073 7.48690 7.78615 8.06069 8.31256 8.54363 8.75563 8.95011 9.12855 9.82258 10.27365 10.0% 0.90909 1.73554 2.48685 3.16987 3.79079 4.35526 4.86842 5.33493 5.75902 6.14457 6.49506 6.81369 7.10336 7.36669 7.60608 7.82371 8.02155 8.20141 8.36492 8.51356 9.07704 0.90090 1.71252 2.44371 3.10245 3.69590 4.23054 4.71220 5.14612 5.53705 5.88923 6.20652 6.49236 6.74987 6.98187 7.19087 7.37916 7.54879 7.70162 7.83929 7.96333 8.42174 0.89286 1.69005 2.40183 3.03735 3.60478 4.11141 4.56376 4.96764 5.32825 5.65022 5.93770 6.19437 6.42355 6.62817 6.81086 6.97399 7.11963 7.24967 7.36578 7.46944 7.84314 8.05518 13.0% 0.88496 1.66810 2.36115 2.97447 3.51723 3.99755 4.42261 4.79877 5.13166 5.42624 5.68694 5.91765 6.12181 6.30249 6.46238 6.60388 6.72909 6.83991 6.93797 7.02475 7.32998 7.49565 14.0% 0.87719 1.64666 2.32163 2.91371 3.43308 3.88867 4.28830 4.63886 4.94637 5.21612 5.45273 5.66029 5.84236 6.00207 6.14217 6.26506 6.37286 6.46742 6.55037 6.62313 6.87293 7.00266 0.86957 1.62571 2.28323 2.85498 3.35216 3.78448 4.16042 4.48732 4.77158 5.01877 5.23371 5.42062 5.58315 5.72448 5.84737 5.95423 6.04716 6.12797 6.19823 6.25933 6.46415 6.56598 0.83333 1.52778 2.10648 2.58873 2.99061 3.32551 3.60459 3.83716 4.03097 4.19247 4.32706 4.43922 4.53268 4.61057 4.67547 4.72956 4.77463 4.81219 4.84350 4.86958 4.94759 4.97894 25.0% 0.80000 1.44000 1.95200 2.36160 2.68928 2.95142 3.16114 3.32891 3.46313 3.57050 3.65640 3.72512 3.78010 3.82408 3.85926 3.88741 3.90993 3.92794 3.94235 3.95388 3.98489 3.99505 25 10.67478 30 11.25778 9.42691 8.69379