Answer:
$6,540
Step-by-step explanation:
In 1 year, the trainer contributes 6% of 25,000;
0.06*25000= $1500
The employer matches 9% of his contributions; 9% of 1,500
0.09*1500= $135
Therefore, in 1 year, the 401(k) account will have 1500+135=$1635
This means that in order to find how much will have ben contributed after 4 years , you multiply $1635 by 4;
1635*4= $6,540
