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Your end-of-year salary for year 1 Retirement Planning Growth rate in salary Portion of annual salary invested at end of each year Employer's matching portion

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Your end-of-year salary for year 1 Retirement Planning Growth rate in salary Portion of annual salary invested at end of each year Employer's matching portion Rate of return earned in 401(k) You start with a beginning balance of zero 32,000 2.0% 9.3% 50% 3.5% In reality, your deposits into your tax deferred account would occur with each paycheck. Pretend, however, that they occur only once at the end of each year. After 40 years ( 40 investments into your tax deferred account), how much will you have? A Between 300,000 and 500,000 B Between 500,000 and 700,100 C Between 700,000 and 1,000,000 D Between 1,000,000 and 1,600,000

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