Question
Johnny just graduated from college, he has a new job and his employer offers a 401k with a dollar for dollar match up to 5%
Johnny just graduated from college, he has a new job and his employer offers a 401k with a dollar for dollar match up to 5% of his salary.Johnny is planning to contribute the full 5% of his salary which amounts to $300 a month.How much will Johnny have in his 401k after 28 years if he earns 12%?
Please answer by 12:15 pm
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Get StartedRecommended Textbook for
Entrepreneurial Finance
Authors: Philip J. Adelman; Alan M. Marks
6th edition
9780133099096, 133140512, 133099091, 978-0133140514
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