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An employee contributes 6 percent of her salary to her 401k

An employee contributes 6 percent of her salary to her 401(k) plan and her employer contributes another $1,900. The employee earns $75,000 and is in a 28 percent tax bracket. If the employee earns 8.50 percent on all funds invested each year and her salary does not change, how much will she have in her account in 20 years?

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Financial Management: An employee contributes 6 percent of her salary to her 401k

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Financial Management: An employee contributes 6 percent of her salary to her 401k

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