Question
Susan's annual salary is $80,000. She contributes 11.5% of her salary to her 401(k) plan; and her employer contributes 5% of her salary to a
Susan's annual salary is $80,000. She contributes 11.5% of her salary to her 401(k) plan; and her employer contributes 5% of her salary to a profit-sharing plan. She also contributes $4,696 per year to an IRA. What is Susan's approximate savings rate?
Your answer should be in % rounded to 2 decimal places.
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
