Ask Question
12 August, 13:45

A personal trainer makes $25,000 per year and has just begun contributing 6% of his salary to his 401 (k) plan. If his employer matches 9% of his contributions, how much will have been contributed to the 401 (k) plan after 4 years?

+4
Answers (1)
  1. 12 August, 15:42
    0
    6% of $25,000 is $1,500 a year

    9% of $1,500 is $135 that his employer gives him

    The total of that is $1,635 a year

    $1,635*4=$6,540 total after 4 years
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A personal trainer makes $25,000 per year and has just begun contributing 6% of his salary to his 401 (k) plan. If his employer matches 9% ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers