Section 12 Homework: Problem 5 Previous Problem Problem List Next Problem (9 points) Devin has an opportunity to save $185 per month at an APR of 4.95% in a 401k plan through work. He plans to retire in 15 years. The income taxes are at 33% for him (1) | Devin's company offers a 40% matching contribution, how much would the company contribute to Devin's 401K by the time he retires? (Express your answer rounded correctly to the nearest centi) (2) How much will Devin's monthly take-home pay decrease? Review your course materials for help with this calculation (Express your answer rounded correctly to the nearest cent!) (3) If Devin's company offers a 40% matching contribution, use Excel's FV function to determine how much this investment will be worth when he retires. (Express your answer rounded correctly to the nearest cent!) Section 12 Homework: Problem 5 Previous Problem Problem List Next Problem (9 points) Devin has an opportunity to save $185 per month at an APR of 4.95% in a 401k plan through work. He plans to retire in 15 years. The income taxes are at 33% for him (1) If Devin's company offers a 40% matching contribution, how much would the company contribute to Devin's 401K by the time he retires? (Express your answer rounded correctly to the nearest centi) (2) How much will Devin's monthly take-home pay decrease? Review your course materials for help with this calculation (Express your answer rounded correctly to the nearest centi) (3) if Devin's company offers a 40% matching contribution, use Excel's FV function to determine how much his investment will be worth when he retires (Express your answer founded correctly to the nearest centi) If you haven't answered the question correctly in 3 attempts, you can get a hint Section 12 Homework: Problem 5 Previous Problem Problem List Next Problem (9 points) Devin has an opportunity to save $185 per month at an APR of 4.95% in a 401k plan through work. He plans to retire in 15 years. The income taxes are at 33% for him (1) | Devin's company offers a 40% matching contribution, how much would the company contribute to Devin's 401K by the time he retires? (Express your answer rounded correctly to the nearest centi) (2) How much will Devin's monthly take-home pay decrease? Review your course materials for help with this calculation (Express your answer rounded correctly to the nearest cent!) (3) If Devin's company offers a 40% matching contribution, use Excel's FV function to determine how much this investment will be worth when he retires. (Express your answer rounded correctly to the nearest cent!) Section 12 Homework: Problem 5 Previous Problem Problem List Next Problem (9 points) Devin has an opportunity to save $185 per month at an APR of 4.95% in a 401k plan through work. He plans to retire in 15 years. The income taxes are at 33% for him (1) If Devin's company offers a 40% matching contribution, how much would the company contribute to Devin's 401K by the time he retires? (Express your answer rounded correctly to the nearest centi) (2) How much will Devin's monthly take-home pay decrease? Review your course materials for help with this calculation (Express your answer rounded correctly to the nearest centi) (3) if Devin's company offers a 40% matching contribution, use Excel's FV function to determine how much his investment will be worth when he retires (Express your answer founded correctly to the nearest centi) If you haven't answered the question correctly in 3 attempts, you can get a hint
