Gina has an opportunity to save $205 per month at an apr of 6.55% in a 401k plan through work. she plans to retire in 25 years. the income taxes are at 27% for her.
(1) what are gina's tax savings over the course of her investment?
(express your answer rounded correctly to the nearest cent! )
$
(2) if gina's company offers a 10% matching contribution, how much would the company contribute to gina's 401k by the time she retires?
(express your answer rounded correctly to the nearest cent! )
$
(3) use excel's fv function to determine how much her investment will be worth when she retires based solely on her contributions.
(express your answer rounded correctly to the nearest cent! )