Author Question: If an employer matches contributions to a 401(k) up to a maximum of $1,800 (employer and employee ... (Read 175 times)

Bernana · **on:** Apr 14, 2019

Question 1

How much would need to be contributed each year for 30 years to accumulate $1,300,000 assuming a return on the investments of 8%? Round to the nearest dollar if needed.

◦ $43,333
◦ $46,800
◦ $11,476
◦ $15,000

Question 2

If an employer matches contributions to a 401(k) up to a maximum of $1,800 (employer and employee each contribute $1,800) and an additional $2,200 is contributed by the employee, how much will the employee have in 35 years if the investments in the 401(k) earn an average of 9%?

◦ $152,600
◦ $203,000
◦ $1,251,122
◦ $776,538

Anonymous · **Reply #1 on:** Apr 14, 2019

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