Question 1198382
the annual growth rate is 1.083.
you are contributing 4000 at the end of each year and your company i contributing 2000 at the end of each year for a total of 6000 at the end of each year.
after 22 years, the value in your account will be equal to 345,444.2462.
you will be 45 years of age.
you invest that at the same rate of interest for an additional 20 years until you are 65.
the value at that time will be equal to that * 1.083 ^ 20 = 1,701,951.171.
round to 2 decimal places to get 1,701.951.17.


here are what the yearly transactions look like.


<img src = "http://theo.x10hosting.com/2022/111903.jpg">
<img src = "http://theo.x10hosting.com/2022/111904.jpg">


you contributed 4000 at the end of each year for a total of 4000 * 22 = 88,000
the value of the 401k at the end of 42 years = 1,701,951.17.
the difference is equal to 1,613,951.17.


42 years is 22 years of investment in the 401k until you are 45 years old and then another 20 years until you are 65 years old.