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2 years ago

11

Sven participates in his employer’s 401k plan. His annual salary is $52,000. Sven contributes 7.5% of his annual salary. His emp

loyer matches his contributions up to 5% of his salary. How much money will be contributed to Sven’s plan for one year?

1 answer:

IgorLugansk [536]2 years ago

5 0

Answer:

$ 6,500

Step-by-step explanation:

(52,000)(0.075)+(52,000)(0.05) = 3,900 + 2,600

= 6,500

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