Good morning, earlier I posted this question. However my professor said it wasnt correct. shes provided me with the answer to double check myself. Section 1.5 1. $536,529.40 Round final answers to the...


Good morning, earlier I posted this question. However my professor said it wasnt correct. shes provided me with the answer to double check myself.


Section 1.5<br>1. $536,529.40<br>

Extracted text: Section 1.5 1. $536,529.40
Round final answers to the nearest penny as needed.<br>1. Suppose you are paid $2400 per month<br>and your employer's 401(k) matches<br>your contributions by 50% up to a<br>maximum of 10% of your pay.<br>Assuming you max-out your retirement<br>savings and you work for 30 years, how<br>much will the 401(k) be worth when you<br>retire (if you can get an APR of 8%<br>during your work years)?<br>

Extracted text: Round final answers to the nearest penny as needed. 1. Suppose you are paid $2400 per month and your employer's 401(k) matches your contributions by 50% up to a maximum of 10% of your pay. Assuming you max-out your retirement savings and you work for 30 years, how much will the 401(k) be worth when you retire (if you can get an APR of 8% during your work years)?

Jun 07, 2022
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