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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 222 times)

jilianpiloj

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on: Apr 14, 2019

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
Personal Finance ¦ Madura ¦ 6th Edition
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Marked as best answer by jilianpiloj on Apr 14, 2019

brittrenee

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Reply #1 on: Apr 14, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jilianpiloj

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Reply #2 on: Apr 14, 2019
TY


brittrenee

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Reply #3 on: Apr 14, 2019
You're welcome


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