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please help to figure out this problem for me. Thank you $85,000 working as an administrative assistant in a public Candice earns company based in
please help to figure out this problem for me. Thank you
$85,000 working as an administrative assistant in a public Candice earns company based in New York. The company provides a matching contribution in the 401(k) plan of 50% of her contribution, up to a maximum matching contribution of 4% of compensation. Her 401(k) plan account had $20,000 in it at the beginning of the year. She contributed $5,000 to the plan this year and the employer made the matching contribution before year-end. The ending balance of the account is $30,000. What is her savings rate this yearStep by Step Solution
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