Question
Ethan's new employer offers a 401(k) plan that has a 50% match up to 6%. They would like to save $4,000/yr of their $53,000 salary
Ethan's new employer offers a 401(k) plan that has a 50% match up to 6%. They would like to save $4,000/yr of their $53,000 salary for retirement. Assuming there are no contribution limits for IRAs, how many dollars should they contribute to their 401(k) each year?
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Essentials Of Financial Management Text And Cases
Authors: George C Philippatos
1st Edition
0816267162, 978-0816267163
