In 2011 nina contributes 11 percent of her 122000 annual

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In 2011, Nina contributes 11 percent of her $122,000 annual salary to her 401(k) account. She expects to earn a 8 percent before-tax rate of return.

Assuming she leaves this (and any employer contributions) in the account until she retires in 34 years, what is Nina's after-tax accumulation from her 2011 contributions to her 401(k) account?

A. Assume Nina's marginal tax rate at retirement is 30 percentAfter-tax accumulation $

B. Assume Nina's marginal tax at retirement is 20 percent.After-tax accumulation $

C. Assume Nina's marginal tax rate at retirement is 40 percent.After-tax accumulation $

Reference no: EM13582809

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