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Question 8 1.25 pts Silver Line offers its employees a 401(k) plan. The company matches employee contributions at 75% up to 9%. Jack just started
Question 8 1.25 pts Silver Line offers its employees a 401(k) plan. The company matches employee contributions at 75% up to 9%. Jack just started working for Silverline. His annual salary is $72,000, and he's paid monthly. Jack would like to have $500,000 in his 401(k) when he retires in 25 years. If his investments earn 8.25%, what percent of his salary should he contribute to his account? 0 4.81% O 8.41% O 5.05% O 2.88%
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