Question
Your employer provides a 401(k) plan with a matching contribution of 7% of your salary if you put in at least 5% of your salary.
Your employer provides a 401(k) plan with a matching contribution of 7% of your salary if you put in at least 5% of your salary. If your monthly salary is $1800 and you contribute just enough to get the match, then how much money will be added to your account in total over one year?
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
7th edition
1118983270, 978-1119175025, 111917502X, 978-1119175001, 978-1118983270
