Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Experience the convenience of finding accurate answers to your questions from knowledgeable professionals on our platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Assume you are 25 and earn 29,000 ​$ per​ year, never expect to receive a​ raise, and plan to retire at age 55. If you invest 5 percent of your salary in a​ 401(k) plan returning 8 percent​ annually, and the company provides a​ $0.50 per​ $1.00 match on your contributions up to 3 percent of​ salary, what is the estimated future value of your​ 401(k) account? Once you​ retire, how much can you withdraw monthly if you want to deplete your account over 30 ​years?  


Sagot :

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.