Question $4$

Lauren earns $$52,800$ per year, and she's paid monthly. Lauren's employer offers a $401(k)$ plan, and her employer will contribute $5\%$ of her salary provided Lauren contributes at

least $9\%.$ What is the minimum amount of money that Lauren needs to contribute to her $401(k)$ each month to get the contribution from her employer?

Note: Round your final answer to two decimal places. Do NOT include a dollar sign in your final answer.

Question $5$

Suppose Lauren contributes the minimum amount of money to her $401(k)$ to get the contribution from her employer. How much money will her employer contribute to her $401(k)$

each month?

Note: Round your final answer to two decimal places. Do NOT include a dollar sign in your final answer.

Question $6$

Suppose Lauren contributes the minimum amount of money to her $401(k)$ each month to get the contribution from her employer. Lauren is $26$ years old, and she would like to

retire when she's $65$ years old. How much money will Lauren accumulate by the time she retires? Assume her investments will earn an interest rate of $6\%,$ which is a reasonable

inflation$-$adjusted return for a diversified investment portfolio.

Note: Round your final answer to two decimal places. Do NOT include a dollar sign in your final answer.