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.
$347,269.59
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Tina contributes 9.5% of her monthly salary towards her 401 (k) and her employer matches her contribution up to 5.4% of her annual salary. ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What is the parcial product of 42 * 28.
Answers (2)
Alberta has 5 shirts and 4 pants. 3 of the shirts are her favorite and 2 of the pants are her favorite. If Alberta chooses an outfit in the dark, what is the probability that she picks one of her favorite shirts and on of her favorite pants?
Answers (1)
3 hamburgers / 14$ 4 pizzas / 18$ 2 steaks / 9$ 5 hot dogs / 23$ James has $250 in his pocket and wants to buy those meals. How many pieces of each meals he can buy for the most and fit the money he had?
Answers (1)
Elena's mother asked her to add a half-cup of water to the beans. How many ounces of water did Elena add?
Answers (2)
2y=5x+8 how many solutions does it have
Answers (1)
New Questions in Mathematics
You toss a bean bag at a board that is covered with 10 Squares. The values in the squares are the odd numbers from 1 to 9 and their opposites.
Answers (1)
New York is 7 and Glasgow is - 6 what's the difference between them
Answers (1)
1 = l m - 5 l Solve for m
Answers (2)
A store is having a sale on chocolate chips and walnuts. For 3 pounds of chocolate chips and 5 pounds of walnuts, the total cost is $24. For 9 pounds of chocolate chips and 7 pounds of walnuts, the total cost is $42.
Answers (1)
A ribbon costs 3.79$ per foot how much does one cost
Answers (2)