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[Salinan]Disalin!
Upon starting your new job after college, you’ve been confronted with selecting the investments for your 401k retirement plan. You have four choices for investing your money:• A money market fund that has historically returned about 3% per year.• A long-term bond fund that has earned an average annual return of 7%.• A conservative common-stock fund that has earned 9% per year.• An aggressive common-stock fund that has earned 12% per year.a. If you were to contribute $5,000 per year for the next 35 years, how much would you accumulate in each of the above funds?
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