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Q: You deposit $500/month to a 401-k that pays interest at 4.8% per year CM. Deposits are made end of every month. The company matches

Q: You deposit $500/month to a 401-k that pays interest at 4.8% per year CM. Deposits are made end of every month. The company matches your contribution at 100% of your contribution. However, they will deposit the match once a year, and the deposits are made to the same account. Also, you had two hardship withdrawals of $10,000 at the end of 10th year and $15,000 at the end of 15th year. Both hardship withdrawals were returned to the account at the end of 20th year (deposit = $25,000).

What is the Total Account Balance (you are vested now) at the end of 25 years?

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