The answer is 65880000 and here are the steps
Step-by-step explanation:
To determine the future value for the 401(k), we need to determine the amount contributed annually. It is stated that the amount the employee contributes to the fund is 9% of $45,624. $45,624(0.09) = $4,106.16 The employer contributes a maximum of 3% of the employee contribution. Therefore: $45,624(0.03) = $1368.72. Therefore, the total annual contribution is $5,474.88, giving a future value of $196,302.40. For the Roth IRA, the monthly contributions are $352.45 giving a future value of $152,636.09. Therefore, the 401(k) has a greater future value by $43,666.31.
(0,416, infinity) is the best answer
Thank you for your question, <u>your question is: The amount of algae in a bloom, P, can be modeled by the equation P = t4 + 6t3 + 7t2 + 8t, where t is measured in weeks. When will the population of algae be greater than 500?</u>
A has both 6 and -6 as a answer
