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.
Answer:
10/3
Step-by-step explanation:
Answer:
I'm pretty sure it's $98.10
Step-by-step explanation:
$90*.09=8.1
90+8.1=98.1
which can also be written as $98.10
If you want to solve for w:
w/18= 3
multiply both sides by 18
(w/18)(18)= (3)(18)
18 "cancels out" on the left side
w= 54
CHECK
54/18= 3
3= 3
ANSWER: w= 54
Hope this helps! :)