Answer:
$18,750
Explanation:
Present value (PV): $12,000
Tenor: 3 years
Future value (FV): $15,700
We have the formula:
FV = PV*(1+ annual rate) ^ number of year
15,700 = 12,000 * (1 + rate) ^3
-> Rate = (15,000/12,000)^(1/3) – 1 = 7.722%
If Sam invest in 6 year, the amount he expect to have is the future value in below calculation:
FV = 12,000 * (1+ 7.722%)^6 = 18,750
In 2017, $26,000 was the maximum amount of money most employees throughout the united states could invest in either a 401(k) or 403(b).
401(k) plans may exclude workers who work less than 1,000 hours per year. This equates to approximately 19 hours per week for one year of employment. GAO found that 20 of the 80 plans it surveyed required an employee to work certain hours to participate in her 401(k) plan.
A defined contribution (DC) plan is a retirement plan, usually tax-advantaged, like his 401(k) or his 403(b), in which an employee contributes a fixed amount or percentage of salary. Pay into an account intended for funding purposes—their retirement benefits.
Learn more about employees at
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Answer: like what type of three ways are they talking about ?...??.?
Explanation:
NExplanation: Subscirbe my ninjas
Answer:C
Explanation:
Discretionary fiscal policy is less effective than is implied by the early Keynesian view
