Maria works for a not-for-profit company that offers 50% matching for their 403(b) plan. A 403(b) plan is very similar to a 401(k) plan and allows employees to invest their money pre-tax. The plan predicts
investors will earn 4.6%.
If Maria invests $151 per month. Find how much money her company will match every month.
Find the total amount that will be added to Maria's account every month.
How much money will be in Maria's account when she retires in 26 years?
Round your answer to the nearest cent.