is taken, it’s raised to the 1/n power. When a power is raised to another power, you multiply the powers together, and so the m (otherwise written as m/1) and the 1/n are multiplied together.

Use fractions in the powers to indicate that the expression stands for a root or a radical.

Leave the exponent as 9/4. Don’t write it as a mixed number.

4 0

3 years ago

You have recently signed up for a new job and noticed this policy for retirement savings. Invest $200 and the employer does 70%

Naya [18.7K]

Answer:

Amount per month contributed by employer $ = 200*0.70 = 140

Total amount employer contributes $ = 140*420 = 58800

Total amount employee contributes $ = 200*420 = 84000

Total amount after 35 years with interest calculated AT 4.8% (Employer + employee + interest) $ = 371024.67

Interest amount for 35 years accumulated $ = 228224.67

Amount deposited by employee $ = 84000

Excess amount in the account over the employee contribution

Including employer contribution $ = 287024.67

Excluding employer contribution $ = 228224.67

Step-by-step explanation:

LOOK AT THE PICTURE FOR STEPS

4 0

3 years ago