An Employee Contributes 6% of Her Salary to Her 401(k)

An employee contributes 6% of her salary to her 401(k) plan and her employer contributes another $1,900. The employee earns $75,000 and is in a 28% tax bracket. If the employee earns 8.50% on all funds invested each year and her salary does not change, how much will she have in her account in 20 years?

A) $195,369
B) $213,133
C) $244,667
D) $289,055
E) $309,613 [(6% x 75,000) + 1,900] x PVIFA (8.50%, 20) = 309,613