Question
Students' Practice 1 Sneha's employer will match her contributions into a retirement plan up to 5% of her $32,000 annual salary. In other words, the
Students' Practice 1 Sneha's employer will match her contributions into a retirement plan up to 5% of her $32,000 annual salary. In other words, the employer will put $1 into her retirement plan for every $1 Sneha puts into her retirement plan up to the limit. Round all answers to 2 decimal places. Assume all contributions are made at the beginning of the period. Using Excel and manual calculation, find the future amount in 8 years if every quarter she contributes the maximum allowed assuming: a) Funds earn 4% compounded quarterly, b)funds earn 8% compounded quaterly.
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