20
QuizMultiple Choice

Buying and Selling Stock — Unit test

Question 20 • FL-2102373-Personal Finance and Money Management Honors

Jamie is 22 years old and works for a company that matches her 401(k) contribution up to 3%. The interest rate for her 401(k) is 8%. If she puts away 9.5% of her $41,000 salary every year, how much would she have saved in 10 years? Round your answer to the nearest cent.

Answer
A
$34,389.17
B
$37,140.30
C
$80,183.12
D
$74,243.63
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