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Isaiah has been working for CNN for a total of four years. CNN offers Isaiah a 401(k) plan. At the end of the fourth year
Isaiah has been working for CNN for a total of four years. CNN offers Isaiah a 401(k) plan. At the end of the fourth year of working at CNN, Isaiah leaves and begins working for MSNBC which also offers a 401(k) plan.
When Isaiah leaves CNN, his 401(k)-account balance is $54,000, of which:
- CNNs contribution = $30,000
- Isaiahs contribution = $20,000
- Interest earnings = $4,000.
- If CNN uses a graded 2-6 vesting rule, how much of the 401(k)-account balance can Isaiah take with him in total? (3 points)
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