Business, 16.04.2020 21:06, Jasten

Reece is comparing retirement plans with prospective employers. ABC, Inc., offering a salary of $29 comma 600, will match 75 percent of his contributions up to 10 percent of his salary, his maximum contribution. XYZ Company will match 100 percent of his contribution up to 6 percent of salary, but he can contribute up to 15 percent of his income. XYZ Company is offering a $27 comma 800 salary. If Reece assumes that he will contribute the maximum amount allowed and keep these first-year retirement funds invested for 32 years with a return of 12 percent, how much would each account be worth? How can he use this information when choosing an employer?

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Reece is comparing retirement plans with prospective employers. ABC, Inc., offering a salary of $29...