Employee plus employer contributions to a 401k are 11000, Financial Management

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Employee plus employer contributions to a 401k are 11000

Employee plus employer contributions to a 401(k) are $11,000 per year. Equity funds are earning 10%, bond funds 5% and money market funds 3%. The employee will retire in 30 years. How much money will he have if he earns the average return from putting 65% of his money in equities, 30% in bond funds and the rest in money market funds?

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Financial Management: Employee plus employer contributions to a 401k are 11000

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Financial Management: Employee plus employer contributions to a 401k are 11000

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