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:
I would say do 70 percent of the 700 people then do 25 percent then 5 percent
-2+4-3+8-2-0.5 = -7.5+12
-7.5+12 = 4.5
4.5/6 (number of months) = 0.75
0.75 = -3/4
-3/4 is your answer. :)
The absolute error is 0.2 and the percent error is 1.45 I hope this helps
Answer:
29
Step-by-step explanation:
