WILL LITERALLY VENMO YOU $15 HELPPPPP
Answer the following questions to help an employee plan their retirement savings contributions.
A 37 year old employee who has just been hired will contribute part of their paycheck monthly to a 401(k).
The employee's starting salary is $46000 a year. An annual raise of 4.79% is given to every employee each
year. The employee plans to work for the company until they retire at age 62 and start withdrawing from
their 401(k) 30% of their ending salary each year they are retired. The employee expects to be retired for
25 years. They will withdraw the money in monthly installments. The 401(k) earns 7.12% per year
compounded monthly.
NEED HELP ON C. D. E.