8.Meet Jessica, a 23-year-old college graduate who just got her first job as a marketing assistant. While her
employer offers a 401k, her company
doesn't offer matches. But she heard that you should start saving early
for
later in life, so she's decided to set up her
account so $250 is automatically deposited into her 401k
each
month. She's already started contributing
and she's starting with a $5,000 principal. Help Jessica see her
account
change through compounding interest annually
at a rate of 8%.
Jessica is 30 years old now, and she has been contributing $250 to her 401k each month since she started at age
in her 401k
23. How much is in her 401k at age 30?* Sentence
Starter: By age 30 Jessica has