When you take your first job, you decide to start saving right away for your retirement. You put $8,000 per year into the company's 401(k) plan, which averages 15% interest per year. Ten years later,...

Extracted text: When you take your first job, you decide to start saving right away for your retirement. You put $8,000 per year into the company's 401(k) plan, which averages 15% interest per year. Ten years later, you move to another job and start a new 401(k) plan. You never get around to merging the funds in the two plans. If the first plan continued to eam interest at the rate of 15% per year for 25 years after you stopped making contributions, how much is the account worth? A: 5,347,020 B: 7,049,362 С: 1,703,784 D: 162,430