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Find what is the value of lauren upon retirement

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Reference no: EM132879115

Problem 1: Lauren will make annual contributions in the amount of $4,255, on average, to a 401(k) over the next 39 years. Her employer will match 80% of her contributions. She is currently being taxed at 28%, but anticipates being taxed at 10% upon retirement. If her account grows at an average rate of 4.2% annually, what is the value of Lauren's 401(k) upon retirement?

A. $652,472.84

B. $641,333.54

C. $485,729.78

D. $362,484.91

Reference no: EM132879115

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