Answer:
The computation of the given question is shown below:-
Total Contributions = Monthly contribution + Amount invested in Ferdinand’s 401(k)
= $250 + $125
= $375
1. Future Value = PMT [((1 + r)n - 1) ÷ r
Future value = 375 × ((1 + 0.03 ÷ 12) × 12 × 40 - 1) ÷ (0.03 ÷ 12)
= $347,272
2. Ferdinand deposit = Given Amount × Total number of months in a year × Number of years
= $250 × 12 Months × 40 Years
= $120,000
3. The Amount put in by the employer = 50% of $250 ×Total number of months in a year × Number of years
= $125 × 12 Months × 40 Years
= $60,000
4. Interest = Future value - Ferdinand deposit - The Amount put in by the employer
= $347,272 - $120,000 - $60,000
= $167,272
Step-by-step explanation:
15!!! is the answer to your question:)
Answer:
-0.125
Step-by-step explanation:
- Im learning about this , so im not really sure
Answer:
C. 40 cm
Step-by-step explanation:
length of side of square = s
perimeter = s + s + s + s = 4s
We use the formula P = 4s
P = 4 * 10 cm
P = 40 cm
Answer: The perimeter is 40 cm.
Notice that the perimeter is a sum of lengths, so its units are linear units such as cm, inches, feet, a unit of length.
An area has square units such as cm^2, in.^2, ft^2, etc.
