Suppose that Jerry's 401(k) will have an average APR of 8% for 40 years. Assume both he and his employer each deposit $175.00 each month over that time. How much money will Jerry and his employer...


Suppose that Jerry's 401(k) will have an average APR of 8% for 40 years. Assume both he and his employer each deposit $175.00 each month over that time. How much money will Jerry and his employer deposit into the account over 40 years? How much interest will be earned? (175.00 401(k) contribution )



Jun 06, 2022
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