Your company sponsors a 401(k) plan into which you deposit 10 percent of your $120,000 annual income. Your company match

[answerhappygod]

Your company sponsors a 401(k) plan into which you deposit 10
percent of your $120,000 annual income. Your company matches 75
percent of the first 10 percent of your earnings. You expect the
fund to yield 13 percent next year. Assume you are currently in the
31 percent tax bracket.

a. What is your annual investment in the
401(k) plan? (Round your answer to the nearest whole
number. (e.g., 32))
b. What is your one-year
return? (Round your answer to 3 decimal
places. (e.g.,
32.161))