Paragraph Styles Assume you are 25 and earn $32,200 per year, never expect to receive a raise and plan to retire at age 55. If you hvet 5 percent of your salary in a 401(k) plan returning 8 percent annually, and the company provides a 50 50 por $1.00 match on your contributions up to 3 percent of salary, what is the estimated future value of your 401(k) account? Once you retire, how much can you withdraw monthly you want to deplete your account over 25 years Click the table icon to view the future value annuity table and to view the present value annuity table click this table icon TE The estimated future value is {Round to the nearest cent.) 11% 1 2 3 4 5 6 7 B 19 10 11 12 E13 5% 1000 2 050 3.153 4310 5526 6.802 8 142 9.549 11027 12 578 14207 15.917 17.713 6% 1.000 2060 3.184 4375 5 637 6975 8.394 9 897 11491 13 181 14 972 16 870 7% 1.000 2070 3.215 4440 5.751 7153 8654 10 260 11978 13 816 15 784 17.850 20.141 Compound Sum of an Annuity of $1 (FIFA) 10% 1.000 1.000 1 000 1000 2080 20901 2.100 2.110 3246 3.278 33101 3.342 4 506 4573 4641 4.710 5.867 5.985 6:105 6.226 7336 7522 127161 7.913 8923 9 200 9.487 9.783 10.637 11 028 111236 11 859 12488 13021 13.579 14 164 14 487 15 1931 15 937 16.722 16 645 17.560 18531 19.561 16.977 20:140 21.364 22 713 21.495 22.953 24523 26 212 12% 1.000 2.1201 3 374 4.779 6353 8. 115 10.089 12.300 14776 17 549 20 655 24.133 28 029 13% 1000 2130 3407 4850 6.480 8.323 10 405 12 757 15 416 18.420 21 814 25 650 29 985 1000 2.140 3440 4921 6.610 8 536 10 730 13233 16.085 19337 23.045 27271 32 089 1. 12 0893 GO 0.87 1 647 0952 1059 2.723 115 0.901 173 2.300 3.102 3.596 402 3505 0.943 1833 2673 3.455 4212 4917 5 502 6210 6.802 7360 Present Value of an Annuity of $1(PMIFA) 9 10 0.935 0926 0.917 0.909 1.805 BE 1759 1734 2.624 25771 2531 2.487 3367 3.312 3240 3:170 100 3.993 3.390 3.791 2767 2623 153 5384 5205 5033 591 5.747 5639 65.5 6247 1024 610 411 2499 7139 69 7.94 53 116 3 94 46 3100 650 842 9294 8.353