The plans regarding the contributions made to the 401(k) plans are directed by the participant, who is also known as an employee of the organization.
<h3>Who is a 401(k) plan?</h3>
A 401(k) can be referred to as a feature of a profit-sharing plan that enables the employees to make a partial contribution of their wages to their individual accounts.
An employee is referred to as a participant for the purpose of this plan. It is further to be noted that this plan is as per the voluntary directions of the participant.
Hence, it holds true that majority of the 401(k) plans are participant directed.
Learn more about 401(k) plans here:
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Answer:
$1,015.96
Explanation:
The Price of the Bond (PV) can be calculated as follows :
Fv = $1,000
Pmt = ($1,000 × 8.04%) ÷ 2 = $40.20
n = 9 × 2 = 18
p/yr = 2
i = 7.79%
pv = ?
Using a financial calculator to input the values as shown above, the Price of the Bond (PV) is $1,015.96
The correct answer is b integrity
Answer:
b. Do not install the guard rail because the costs exceed the benefits
Explanation:
The cost of the guard rail is $70,000.
The average damage to a car that slides off the road at the curve is $10,000.
Number of cars the guard rail is expected to save from sliding off the road is 5.
Therefore, Total damage prevented/saved is 5 * $10,000= $50,000
Total cost of installing the guard rail is $70,000
So, the cost exceed the benefits.
It is expected the county will not install the guard rail because the total cost outweighs the benefits.
Answer:
pay more than the minimum payment each month
Explanation:
