Mathematics, 01.11.2019 05:31 christian5668
Heidi contributes 11% of her monthly salary towards her 401(k) and her employer matches her contribution up to 6% of her salary. if the interest rate of her 401(k) is 6.25% compounded monthly and her monthly salary is $3,250, determine the amount in her account after 15 years. round to the nearest cent.
a.
$164,146.52
b.
$165,001.45
c.
$112,585.20
d.
$113,171.58
the answer is a!
Answers: 2
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