1. Lauren earns $52,800 per year, and she's paid monthly. Lauren's employer offers a 401(k) plan, and her employer will contribute 5% of her salary provided Lauren contributes at least 9%.

1. Suppose Lauren contributes the minimum amount of money to her 401(k) to get the contribution from her employer. How much money will her employer contribute to her 401(k) each month? Suppose Lauren contributes the minimum amount of money to her 401(k) each month to get the contribution from her employer. Lauren is 26 years old, and she would like to retire when she's 65 years old. How much money will Lauren accumulate by the time she retires? Assume her investments will earn an interest rate of 6%, which is a reasonable inflation-adjusted return for a diversified investment portfolio.