PLEASE HELP FAST WITH QUESTION A!

Jinhee Ju. 27, just received a promotion at work that increased her annual salary to $40,000. She is eligible to participate in her employer's 401(k) plan, to which the employer matches dollar-for-dollar workers' contributions up to five percent of salary. However, Jinhee wants to buy a new $23,000 car in 5 years, and she wants to save enough money to make a $5,000 down payment on the car and finance the balance. Also in her plans is a wedding. Jinhee and her boyfriend, Paul, have set a wedding date 2 years in the future, after he finishes medical school. Paul will have $100,000 of student loans to repay after graduation. But both Jinhee and Paul want to buy a home of their own as soon as possible. This might be possible because at age 30, Jinhee will be eligible to access a $47,000 trust fund left to her as an inheritance by her late grandfather. Her trust fund is invested in 8 percent government bonds. a. Justify Jinhee's participation in her employer's 401(k) plan using the time value of money concepts. Assuming that Jinhee and her employer both contribute five percent of her salary to her 401(k), the amount contributed each year will be $ (Round to the nearest dollar.) If Jinhee's salary remains fixed for 40 years and she earns 8% annually on her 401(k) account, then the value of the account in 40 years would be $ cent) (Round to the nearest It is in Jinhee's best interest to start contributing t her 401(k) immediately because: (Select the best choice below.) O A. she will not be able to buy a house if she does not participate in the 401(k) plan. O B. the employer match is only offered for the first year. O C. the employer match is "free money" that shouldn't be passed up. OD. the employer match is only offered until she turns 30