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ou just graduated and started your new job. Your starting salary is $60,0001 year. Your employer's 401(k) plan states that your employ ef will contribute

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ou just graduated and started your new job. Your starting salary is $60,0001 year. Your employer's 401(k) plan states that your employ ef will contribute 1% of your salary fo your 401(k) tegavdloss vhether you make any contributions or not. They will also malch your contributions, $1-for $1, up to 5% of your talary. Please answer the following questions. How much (\$) will your employer contribute to your 401(k) per year il you make $0 contributions. What is the minimum amount (\$) that you must contribute per year to get the maximum match from your employer? 5 Assume that you make the minimum contribution to get the maxmum match from your employer. What is the lotal amount (\$) that wil be contrbuded to your 401 (ik) for the year, including all of the. emslever contributions and yoar contributions? 5 Assume that this anmai total contribution is made for 40 years and your 401(k) earns an averagn annual refum of 6%. How much will you have in your account at the end of this tine period? Ascume Boainning of Pertod Contributione. Round your answer to the neacest dolar - co NOT entar any cents of your anawer wa be marked as "incorrect? peymente. Round your answer to the nearevt dollar - do NoT enter any cents or your answer will be maked as "incomeer

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