Your friend is able to invest $100 a month in a 401(k) with a predicted growth rate of 4%. Your friends company will match 50% of your friends contributions.

How much does your friends company contribute every month?

$ (round to the nearest dollar)

Use Excels FV function to find the account balance after 20 years.

$ (round to the nearest cent)

How much was deposited over 20 years by your friend? By the company?

Your friend's contributions: $ (round to the nearest dollar)

The company's contributions: $ (round to the nearest dollar)

How much did your friend earn in interest?

$ (round to the nearest cent)