A flight attendant makes $35,000 per year and has just begun contributing 9% of his salary to his 401 (k) plan. If his employer matches 8% of his contributions, how much will have been contributed to the 401 (k) plan after 3 years?

A. $3402

B. $9450

C. $10,206

D. $3150

Question

Mathematics

Guest

16 June, 11:47

A flight attendant makes $35,000 per year and has just begun contributing 9% of his salary to his 401 (k) plan. If his employer matches 8% of his contributions, how much will have been contributed to the 401 (k) plan after 3 years?

A. $3402

B. $9450

C. $10,206

D. $3150

+2

Answers (1)

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Brooklyn Ballard · Answer 1

35000/12 = 2916.67 Per Month

401 (k) from Salary = ((2916.67 *.09) * 36 = 9450.01

Employer 8% matching

9450.01 *.08 = 756.00

Total:

9450.01 + 756.00 = 10206.01 or rounded to 10206 = C

A flight attendant makes $35,000 per year and has just begun contributing 9% of his salary to his 401 (k) plan. If his employer matches 8% of his contributions, how much will have been contributed to the 401 (k) plan after 3 years?A. $3402B. $9450C. $10,206D. $3150

A flight attendant makes $35,000 per year and has just begun contributing 9% of his salary to his 401 (k) plan. If his employer matches 8% of his contributions, how much will have been contributed to the 401 (k) plan after 3 years?

A. $3402

B. $9450

C. $10,206

D. $3150