Rachel has an opportunity to save $310 per month at an APR of 8.1% in a 401K plan through work. She plans to retire in 20 years. The income taxes are at 27% for her.

(1) What are Rachel's tax savings over the course of her investment? Review your course materials for help with this calculation.

(Express your answer rounded correctly to the nearest cent!)

$

(2) If Rachel's company offers a 50% matching contribution, use Excel's FV function to determine how much her investment will be worth when she retires.

(Express your answer rounded correctly to the nearest cent!)

$

(3) If Rachel's company offers a 50% matching contribution, how much would the company contribute to Rachel's 401K by the time she retires?

(Express your answer rounded correctly to the nearest cent!)