Question: What formula do I use to determine how much the 401k will be worth section 1.5 Digital Exercises Remaining Time: Unlimited Suppose you are paid

What formula do I use to determine how much the 401k will be worth

section 1.5 Digital Exercises Remaining Time: Unlimited Suppose you are paid $3,000 per month and your employer's 401(k) matches your contributions by 25% up to a maximum of 15% of your pay. Assuming you max-out your retirement savings and you work for 20 years, how much will the 401(k) be worth when you retire (if you can get an APR of 9% during your work years)? $ Number Round your answer to 2 decimal places

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