The minimum amount of his salary that Lonnie should contribute each month to maximize his employer’s matching contribution which is $125 . Correct option C.
<u>Step-by-step explanation:</u>
We have , Lonnie’s employer will match up to 5% of his salary in contributions to his 401(k). His starting salary with the company is $2,500 a month, and the company allows him to contribute up to 12% of his salary to his 401(k). According to the given scenario , Lonnie can contribute to matching at a maximum of 12% of his salary ($2500) :
⇒
⇒
⇒ $ And , a minimum of 5% of his salary ($2500):
⇒
⇒
⇒ $ .
In question we need to tell the minimum amount of his salary that Lonnie should contribute each month to maximize his employer’s matching contribution which is $125 . Correct option C.
x+y=987
x=y+37
2y+37=987
2y=950
y=475
The cost of the dryer is 475.
Answer:
<h3>1.05128205</h3>
Step-by-step explanation:
hope it helps
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Answer:
C
Step-by-step explanation:
Correct me if i'm wrong-.
Step-by-step explanation: