Leo is 23 years old and works for a company that matches his 401(k) contribution up to 4. 6%. The interest rate for his 401(k) is 5. 32%. If he puts away 8% of his $65,000 salary every year, how much would he have saved in 10 years? Round your answer to the nearest cent. A. $7,110,127. 51 b. $104,564. 67 c. $65,582. 40 d. $62,269. 66.
