Mathematics, 12.12.2020 16:10 PENTALIZARD2834
Tina contributes 9.5% of her monthly salary towards her 401(k) and her employer matches her contribution up to 5.4% of her annual salary. If the interest rate of her 401(k) is 8.1% compounded monthly and her monthly salary is $2,461, determine the amount in her account after 25 years. Round to the nearest cent. a. $339,804.33 b. $354,452.86 c. $344,941.24 d. $347,269.59
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Tina contributes 9.5% of her monthly salary towards her 401(k) and her employer matches her contribu...
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