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Your company sponsors a 4 0 1 ( k ) plan Into which you deposit 1 0 percent of your $ 1 2 0 ,

Your company sponsors a 401(k) plan Into which you deposit 10 percent of your $120,000 annual Income. Your company matches 75 percent of the first 10 percent of your earnings. You expect the fund to yleld 12 percent next year. Assume you are currently in the 31
percent tax bracket.
a. What is your annual Investment in the 401(k) plan? (Round your answer to 1 decimal place. (e.g.,32.1))
b. What is your one-year return? (Round your answer to 3 decimal places. (e.g.,32.161))
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