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Author Question: If an employee earning $75,000 per year annually for 20 years contributes 6% to their 401(k) plan ... (Read 223 times)

jilianpiloj

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Question 1

How much could a self employed individual earning $187,000 per year accumulate in a SEP plan if the individual invests the maximum allowed for 20 years at a return of 9%? Round to the nearest dollar if needed.


◦ $2,148,678
◦ $2,391,736
◦ $840,000
◦ $935,000

Question 2

If an employee earning $75,000 per year annually for 20 years contributes 6% to their 401(k) plan and the employer matches 3%, plus contributes $5000 to a Roth IRA annually for 20 years, how much money will the employee have at the end of 20 years assuming all funds are invested at 6% per annum?


◦ $432,231
◦ $524,234
◦ $450,456
◦ $365,056


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Marked as best answer by jilianpiloj on Apr 14, 2019

brittrenee

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