Your employer contributes 50 a week to your retirement plan, Financial Management

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Your employer contributes 50 a week to your retirement plan

Your employer contributes $50 a week to your retirement plan. Assume that you work for your employer for another 20 years and that the applicable discount rate is 9 percent. Given these assumptions, what is this employee benefit worth to you today?

a. $24,106.15

b. $24,618.46

c. $25,211.11

d. $25,306.16

e. $25,987.74

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Financial Management: Your employer contributes 50 a week to your retirement plan

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