Question: An employee contributes $ 1 5 , 4 0 0 to a 4 0 1 ( k ) plan each year, and the company matches

An employee contributes $15,400 to a 401(k) plan each year, and the company matches 10 percent of this annually, or $1,540. The
employee can allocate the contributions among equities (earning 12 percent annually), bonds (earning 6 percent annually), and money
market securities (earning 4 percent annually). The employee expects to work at the company 20 years. The employee can contribute
annually along one of the three following patterns:
Calculate the terminal value of the 401(k) plan for each of the 3 options, assuming all returns and contributions remain constant over
the 20 years. (Do not round intermediate calculations. Round your answers to the nearest whole number. (e.g.,32))
 An employee contributes $15,400 to a 401(k) plan each year, and

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