Ferdinand's employer will match 50% of his $250 monthly contributions to his 401(k). This means that Ferdinand's employer will put 50% of $250 = $125 into Ferdinand's 401(k) account each month in addition to Ferdinand's $250. What a swell benefit!

18. How much will he have after 40 years if his account compounds monthly at 3% APR?

$347272.31

19. How much did Ferdinand deposit into this account?

$231514.88

20. How much did Ferdinand's employer contribute to his 401(k)?

$115757.44

-------->How much interest did he gain?