Ask Question
8 September, 00:08

Tom has brought $150,000 from his pension to a new job where his employer will match 401 (k) contributions dollar for dollar. Each year he contributes $3,000. After seven years, how much money would Tom have in his 401 (k) ? Show your calculations

+5
Answers (1)
  1. 8 September, 01:33
    0
    The answer is $171,000 and the equation that you need to come up with is 150,000+3,000 (X)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Tom has brought $150,000 from his pension to a new job where his employer will match 401 (k) contributions dollar for dollar. Each year he ...” 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