5
QuizMultiple Choice

Unit Test — Unit test

Question 5 • CARE_24_25_TX-Mathematical Models with Applications B

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
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