Question
2. Erin is a chemical engineer and saves twelve percent of her salary in her 401(k) account with Axis Chemical. Axis Chemical makes a 3%
2. Erin is a chemical engineer and saves twelve percent of her salary in her 401(k) account with Axis Chemical. Axis Chemical makes a 3% match to employees 401(k) contributions. Erin earned $80,000 in 2020. In addition to her 401(k) contribution in 2020, Erin also saved $2,400 in a Roth IRA. What is Erins savings rate in 2020?
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Cost Of Capital Applications And Examples
Authors: Shannon P. Pratt, Roger J. Grabowski, Richard A. Brealey
5th Edition
1118555805, 9781118555804
