Marsha wants to have $1 million in her 401(K) in 30 years. She wants to invest $5,000 a year into the 401(K).  About how much more than $5,000 a year will she need to invest each year to meet her goal of $1 million if all investments can earn 8%?

a. No additional amount as $5,000 a year will be enough to exactly meet her goal.

b. She will need to invest $3,828 more each year and meet her goal.

c. She can actually meet her goal by investing $1,091 less each year [investing $3,909 vice $5,000] and meet her goal.

d. She will need to invest about $11,029 more each year to meet her goal.