Question
Dvon works for a company that matches his 401(k) retirement contributions at a rate of $0.50 per $1 of his contributions, up to 6% of
Dvon works for a company that matches his 401(k) retirement contributions at a rate of $0.50 per $1 of his contributions, up to 6% of his salary. Dvon earns $60,000/year. What is the minimum amount of salary that Dvon should contribute to his 401(k) plan each year?
| A. $3,600 | |
| B. $7,200 | |
| C. $9,600 | |
| D. $18,000 |
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Real Estate Finance Theory And Practice
Authors: Terrence M. Clauretie, G. Stacy Sirmans
5th Edition
0324305508, 9780324305500
