Suppose that between the ages of 22 and 26, you contribute $5000 per year to a401(k) and your employer contributes $2500 per year on your behalf. The interest rate is 9.4% compounded annually. What is the value of the401(k) after 4 years? b. Suppose that after 4 years of working for thisfirm, you move on to a new job. owever, you keep your accumulated retirement funds in the401(k). How much money will you have in the plan when you reach age65? c. What is the difference between the amount of money you will have accumulated in the401(k) and the amount you contributed to theplan?

a. The value of the401(k) after 4 years is $_____

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