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please answer both a,b, and c In 2020, Nina contributes 10 percent of her $100,000 annual salary to her 401(k) account. She expects to earn
please answer both a,b, and c
In 2020, Nina contributes 10 percent of her $100,000 annual salary to her 401(k) account. She expects to earn a 7 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 Nina's after-tax accumulation from her 2020 contributions to her 401(k) account? (Use Table 1. Table (Round your intermediate calculations and final answers to the nearest whole dollar amount.) o. Assume Nina's marginal tax rate at retirement is 30 percent $ 38,010 Aner tax proceeds from distribution Future Value of Annuity of 51 Periods 1.ON 2.03 3.0 3.75% 4.0% 4.25% 5.ON 1 2 3 4 2 10 TI 2 1.00000 201000 3.03010 406040 5.10101 6.15202 7.21354 8.28567 9.36853 10.46221 11.56683 1268250 13.80933 14.94742 16.09690 17.25786 194244 19.61475 20.81030 22.01900 28.24320 3478459 100000 202000 3.06040 4.12161 5.20404 6.30812 743428 8.58297 9.75463 10.94972 12.16872 13.41209 14.68033 15.97394 17.29347 18.63929 20.01207 21.41231 22 94056 24.29737 32 03030 40,56008 1.00000 2.03000 3.09090 4.18363 5.30914 6.45841 7.65246 8.89234 10.15911 11.46388 12.80780 14.19203 15,61779 17.08632 18.59891 20.15688 21.76159 23.41444 25.11687 26.87037 36.45926 47.57542 1.00000 203750 211391 4.23068 5.18933 6.59143 7.83861 913255 10.47503 11.85784 13.31288 1481212 16.36757 17.98135 19.65565 21.39274 23.19497 25.06478 27.00471 29.01739 40,27112 53.79924 1.00000 204000 3.12160 424646 5.41632 6.63298 789829 9.21423 10 58280 1200611 13.48535 1502581 1662684 18.29191 20.02359 21.82453 23.69751 25.64541 2767123 29.77808 41.64501 5608494 100000 204250 3.12931 4.26230 5:44345 6.67480 7.95848 9.29671 10 69182 12.14622 13.66244 15.24309 16.89092 18.60879 20.39966 22.26665 2421298 6,24203 28.35732 10.56250 4307648 58.48553 100000 2.05000 3.152.50 431013 552563 6.80191 8.14201 9.54911 1102656 1257789 14.20679 15.91713 1771298 19.59863 21.57856 21.65749 25.84017 28.13238 30.53900 33.06595 47 72710 66.43885 1.00000 2.06000 310360 437462 5.63709 6.97532 339384 9.89747 11.49132 13.18079 14.97164 16,86994 18.88214 2101507 23.27597 25.67253 2021288 30.90565 33.75999 36.78555 54.85451 19.05819 1.00000 2.07000 321490 441994 5.75074 7.15329 8.65402 10.25380 11.97799 1381645 15.78360 17.89845 20.14064 22.55049 25. 12902 27.2005 30.84022 33.99903 37.37896 40.99545 63.24904 94.46079 4 35 BORR Periods 1.0% 9.0% 10.0% 11.0% 12.05 13.0% 14.05 20.05 25.05 1 2 2 4 5 6 7 8 10 11 12 1.00000 2.08000 3.24640 4.50611 5.86660 7.33593 8.92280 10.63663 12.48756 14.48656 16.54549 18.97713 21.49530 24 21492 27.15211 30.32428 33.75023 37.45024 41.44626 45.76196 23.10594 113.28321 1.00000 209000 3.27810 4.57313 5.98471 7.52333 9.2004 11.02847 13.02104 15.19293 17.56029 20.14072 22.95338 26.01919 29.36092 33.00340 36.97370 41.30134 46 01846 51.16012 84.70000 136 30754 1.00000 2. 10000 3.31000 4.64100 610510 2.71561 9.48717 11.41589 13.57948 15.93742 18.53117 21.38428 24.52271 27.97498 3177248 35 94973 40.54470 45.59917 5115909 57.27500 98.34706 164.49402 1.00000 2.11000 3.34210 4.70973 6 22780 7.91286 9.78327 11.85943 14. 16397 16.72201 19.56143 2271319 26 21164 30.09492 34.40536 39.18995 4450084 50 39594 56 93949 64 20283 11441331 19902088 1.00000 2.12000 3.37440 4.77933 6.35285 8.11519 10.08901 12.29969 14.77566 17.54874 20.65458 24.13313 28.02911 32.39250 37.27971 42.75328 48.88367 55.74971 63.43968 72.05244 133.33387 241 33268 100000 2.33000 3.40690 4.54980 6.48027 8.32271 10.40466 12.75726 15.41571 18.41975 21.81432 25.65018 29.91470 34.88271 46.41746 46,67173 53,73906 61.72514 70.74941 0.94683 155.61956 293. 19922 100000 2.14000 3.43950 4.92114 6,51010 8.53552 10.73049 13.23276 16 08535 19.33730 23.04452 27 27075 32.08365 3758107 4384241 5098035 59.11760 68 39107 78.96923 9102493 181.87083 356,78685 15.05 100000 2.15000 3.47250 4.99337 6.74238 8.75374 11.06680 13.72682 16.78584 20.30372 24.34920 29.00167 34.35192 40.50471 47.58041 55.71747 65.07509 75.83636 88.21181 102.44358 212.79302 43474515 1.00000 220000 3.6-4000 5.36800 744160 992992 12.91590 16.49908 20.7890 25.95066 32.15042 39.58050 48.49660 59. 19592 7203511 87.44213 105.93056 128.11667 154.74000 186.68800 471 98 103 118188157 1.00000 2 25000 3.81250 5.76563 8.20700 11.25879 15.07349 19.84186 25.80232 33.25290 42,50613 54.20766 68 75958 86 94942 109.68684 138.10855 17363568 218.04460 273.55576 342.94470 1054.79118 3227.17421 14 15 16 17 10 19 20 25 30 Future Value of 51 Periods 1.0% 2.0% 3.0% 3.755 4.ON 5.0 7.05 1 2 3 5 5 7 8 9 101000 102010 103000 1.04060 1.05101 1.06152 107214 1.08286 1.09369 1.10462 1.11567 1.12683 1.13809 1.14947 1.16097 1.17258 1.18430 1. 19615 1.20811 1.22019 1.28243 1.34785 11 12 13 1.02000 1.04040 106121 108243 1.10408 1.12616 114869 1.17166 1.19509 121899 1.24337 1.26824 1.29361 1.31948 1.34587 137279 1.40024 142825 145681 1.48595 1.64061 181136 1.03000 1.06090 1.09273 1.12551 1.15927 1.19405 1.22987 1.26677 1.30477 1.34392 1.38423 1.42576 1.46853 1.51259 1.55797 1.60471 1.65285 1.70243 1.75351 1.80611 2.09378 2.42726 103750 107641 1.11677 1.15865 1.20210 1.24718 1.29395 1.34247 1.39281 1.44504 1.49923 1.55545 1,61378 1.67430 1.73709 1 80223 1.86981 1.93993 201268 2.08815 2.51017 3.01747 1.04000 104250 108160 108681 1.12486 1.13300 1.16986 1.18115 1.21665 1.23135 1.26532 1.28368 1.31593 133824 1.36857 1.39511 1.42331 1.45440 1.48024 151621 153945 1.58065 1.60103 1.64783 166507 1.71786 1.73168 1.79087 1.80094 1.85699 187298 194633 1.94790 202905 202582 2.11529 2.10685 2.20519 2.19112 229891 2,66584 2.83075 3.24340 348564 6.0% 106000 1.12360 1.19102 125248 1.33823 141852 1.50363 1.59385 1.68943 1.79085 1.89830 2.01220 2.13293 2.26090 239656 2.54035 2.69277 285434 3,02560 320714 4.29187 5.74349 1.05000 1.10250 1.15763 1.21551 1.27528 1.34010 1.40710 1.47746 1.55133 162889 1.71034 1.79586 1.88565 1.97993 2.07893 2.18287 2.29202 2.40662 2.52695 2.65330 3.38635 4.32194 107000 1.14490 1 22504 1.31080 1.40255 1.50073 1.50578 1.71819 1.83846 1.96715 2.10485 2.25219 240985 257853 2.75903 2.95216 3.15832 331990 161653 3.86968 5.4270 7.61226 15 16 17 18 19 20 25 30 Periods 0.0% 9.03 10.0% 11.0% 12.0% 13.0% 16.0% 25.0% 15.0% 20.0 1 2 3 4 5 7 8 9 . 10 11 1.08000 1.16640 1.25971 1.36049 1.46933 1,58687 1.71382 1.85093 1.99900 215897 233164 251817 271962 2.93719 3.17217 3.42594 3.70002 3.99502 431570 466096 684848 1006266 1.09000 1.18810 1.29503 1.41158 1.53862 1.67710 1.82804 1.99256 2.17189 236736 2.58043 2.81205 3.06580 1.34173 3.64248 3.97031 432763 4.71712 5.14166 5.60441 8.62308 13.26768 1.10000 1.21000 1.33100 1.46410 1,61051 1.77156 1.94872 2.14359 2.35795 2.59374 2.85312 3.13843 3.45227 3.79750 4.17725 4.59497 5.05447 555992 6.11591 6.72750 10.83471 17.44940 1.11000 1.23210 1.36763 1.51807 1.68506 1.87041 207616 230454 2.55804 287942 315176 3.49845 388328 431044 4.78459 5.31089 589509 6.54355 7.26334 8.06231 13.58546 22.89230 1.12000 1.25440 1.40493 1.57352 1.76234 1.97382 221068 247596 2.77308 3.10585 3.47855 3.89598 4.36349 4.88711 5.47357 6.13039 6.86604 7.68997 8.61276 9.64629 17.00006 29.95992 1.13000 1.27690 1.44290 1.63047 1.84244 208195 235261 2.65844 3.00404 3.39457 3.83586 4.33452 4.89801 553475 6.25427 7.06733 7.98608 9.02427 10.19742 11.52309 21.23054 39.11590 1.14000 1.29960 1.48154 1.68896 1.92541 2.19497 2.50227 2.85259 3.25195 3.70722 4.22623 481790 5.49241 6.26135 7.13794 8.13725 9.27646 10.57517 12.05569 1374349 26.46192 50 95016 1.15000 1.32250 1.52088 1.74901 201136 231306 266002 3.05902 3.51788 404556 4.65239 5.35025 6.15279 7,07571 8.13706 9.35762 10.76126 12.37545 14.23177 16.36654 32.91895 66 21177 1.20000 1.44000 1.72800 2.07360 2.48832 298598 3.58318 4.29982 5.15978 6.19174 7.43008 891610 10.69932 12.83918 15.40702 18.48843 22.18611 26,62333 31.94800 38 33760 95.39622 23737631 1.25000 1.56250 195313 2.44141 3.05176 3.81470 4.76837 5.96046 7.45058 9.31323 11.64153 14.55192 18.18989 22.73737 28.42171 35.52714 44.40892 55.51115 69.38894 86.73617 26469780 307.79357 12 14 15 16 17 18 19 20 30 b. Assume Nina's marginal tax rate at retirement is 20 percent. After tak proceeds from distribution c. Assume Nina's marginal tax rate at retirement is 40 percent. After tax proceeds from distribution Step by Step Solution
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