Question: Please help me to solve these problems, (a,b,c,d) Please give me the correct answer, thank you so much. Your employer offers a 401k that you

Please help me to solve these problems, (a,b,c,d) Please give me the correct answer, thank you so much.Please help me to solve these problems, (a,b,c,d) Please give me thecorrect answer, thank you so much. Your employer offers a 401k that

Your employer offers a 401k that you can invest in as an employee of the firm. If you put in 3% of your pre-tax income (listed in question 1.a.), your employer will match 3%. a) Assuming you put in the full 3% during your first year of employment, how much will your take home pay be 2. reduced? In other words, what is the difference between your take-home pay without the 401k contribution (from part 1.b.iv.) and your take-home pay after a 401k contribution?4 40,000 * 0.03 - $1,200 will be take home pay be reduced. el b) How much will you have saved in total in your 401K account for the year (counting your employer contribution and your contribution)?4' 12,000 * 2 $24,000 saved in my 401K account for the year. Assume now that you earn 8% per year on your total contribution (from part 2.b.), how much will that one year of savings grow into after 40 more years? d) How much would the account be worth if you contribute 3% per year, and your employer matches 3%, for 40 years (assuming you earn the same salary and 8% return)? Consider this question separately from part c

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