(Table: Retirement Plans for Four Companies) Jan is deciding between job offers from the four companies represented in the table. She expects to work for 5 more years before retiring and wants to have as much as possible in her retirement savings account in 5 years. She will contribute only enough of her salary as needed to obtain the maximum employer match. Given the information in the table, which company should she choose in order to reach her goal? $$\begin{array} { | l | l | l | l | l | }
\hline & \text { Company A } & \text { Company B } & \text { Company C } & \text { Company D } \
\hline \text { Maximum employer match } & 5 \% \text { of salary } & 4 \% \text { of salary } & 6 \% \text { of salary } & 5 \% \text { of salary } \
\hline \text { Interest rate on savings } & 5 \% & 5 \% & 6 \% & 6 \% \
\hline \text { Salary } & 580,000 & \$ 90,000 & \$ 70,000 & \$ 75,000 \
\hline \text { Years of service to become } & 5 & 8 & 5 & 4 \
\text { vested } & & & & \
\hline
\end{array}$$

Question

(Table: Retirement Plans for Four Companies) Jan is deciding between job offers from the four companies represented in the table. She expects to work for 5 more years before retiring and wants to have as much as possible in her retirement savings account in 5 years. She will contribute only enough of her salary as needed to obtain the maximum employer match. Given the information in the table, which company should she choose in order to reach her goal? $$\begin{array} { | l | l | l | l | l | } 
\hline & \text { Company A } & \text { Company B } & \text { Company C } & \text { Company D } \
\hline \text { Maximum employer match } & 5 \% \text { of salary } & 4 \% \text { of salary } & 6 \% \text { of salary } & 5 \% \text { of salary } \
\hline \text { Interest rate on savings } & 5 \% & 5 \% & 6 \% & 6 \% \
\hline \text { Salary } & 580,000 & \$ 90,000 & \$ 70,000 & \$ 75,000 \
\hline \text { Years of service to become } & 5 & 8 & 5 & 4 \
\text { vested } & & & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

Company C offers the highest employer match at 6% and the highest interest rate on savings at 6%. Jan will be fully vested in 5 years, which aligns with her retirement timeline.

(Table: Retirement Plans for Four Companies) Jan Is Deciding Between