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Please show work pls! I give thumbs up. thanks 2. Assume that an employer matches contribution to a 401(k) up to a maximum of $1,800.
Please show work pls! I give thumbs up. thanks
2. Assume that an employer matches contribution to a 401(k) up to a maximum of $1,800. That is, employer and employee each contribute $1,800. And an additional $2,200 is contributed by the employee. All this is annual, per year. How much will the employce have in 35 years if the investments in the 401(k) earn an average of 9%? Hint: Excel command = FV (rate, given, no. of periods, given, payment, given, present value 0, end of period 0) Step by Step Solution
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