10
QuizMultiple Choice

Buying and Selling Stock — Unit test

Question 10 • FL-2102373-Personal Finance and Money Management Honors

Trent is 25 years old and works for a company that matches his 401(k) contribution up to 5%. The interest rate for his 401(k) is 7.3%. If he puts away 10% of his $32,000 salary every year, what would the total of his 401(k) be in 10 years? Round your answer to the nearest cent.

Answer
A
$67,266.16
B
$72,176.59
C
$33,250.60
D
$35,677.89
Previous
Next