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Part 3. Matching Savings: Ferdinand with Employer Matching Ferdinand's employer will match 50% of his $250 monthly contributions to his 401(k). This means that Ferdinand's
Part 3. Matching Savings: Ferdinand with Employer Matching 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! 13. How much will Ferdinand have after 40 years if his account compounds monthly at 4.8% APR? 14. How much did Ferdinand deposit into this account? 15. How much did his employer put in? 16. How much interest did the account gain
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