Suppose you are paid $2,500 per month and your employer's 401(k) matches your contributions by 20% up to a maximum of 5% of your pay. Assuming you max-out your retirement savings and you work for 5...

Extracted text: Suppose you are paid $2,500 per month and your employer's 401(k) matches your contributions by 20% up to a maximum of 5% of your pay. Assuming you max-out your retirement savings and you work for 5 years, how much will the 401(k) be worth when you retire (if you can get an APR of 8.5% during your work years)? $ Number Round your answer to 2 decimal places. %24