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Question 7 1.25 pts Laura is 26 years old and just started a new job at a company that offers a 401(k) plan. Her annual
Question 7 1.25 pts Laura is 26 years old and just started a new job at a company that offers a 401(k) plan. Her annual salary is $52,000, and she is paid biweekly. Laura would like to have $1,000,000 in her 401(k) when she reaches age 65. Her company does not offer any matching, and she expects that her investments can earn 8.5%. What percent of salary should Laura contribute to her 401(k) to reach her goal? 2.48% 5.72% 6.20% 5.97%
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