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please answer correctly Surved Help Save Ex An employee contributes $15.700 to a 401(K) plan each year, and the company matches 10 percent of this
please answer correctly
Surved Help Save Ex An employee contributes $15.700 to a 401(K) plan each year, and the company matches 10 percent of this annually, or $1.570 The employee can allocate the contributions among equities (earning 12 percent annually), bonds (earning 6 percent annually and money market securities (earning 4 percent annually). The employee expects to work at the company 15 years. The employee can contribute annually along one of the three following patterns Equities Bonds Money market securities Option 1 7e3 e 10x Option 2 68% 35 5 lees Option 3 sex 4e 1e 100x Calculate the terminal value of the 401(k) plan for each of the 3 options, assuming all returns and contributions remain constant over the 15 years. (Do not round intermediate calculations. Round your answers to the nearest whole number. (e.g., 32) Option1 Option 2 Option 3Step by Step Solution
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