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Author Question: If an employer matches contributions to a 401(k) up to a maximum of $1,800 (employer and employee ... (Read 176 times)

Bernana

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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
Personal Finance ¦ Madura ¦ 6th Edition
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Marked as best answer by Bernana on Apr 14, 2019

Anonymous

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Reply #1 on: Apr 14, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Bernana

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Reply 2 on: Apr 14, 2019
YES! Correct, THANKS for helping me on my review

mjenn52

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Reply 3 on: Yesterday
Wow, this really help

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