math part (c)
posted by dEE .
4.The total of your calculations would equal the amount Sally has contributed for the first two years. As we already know, the company would match employee 401K contributions up to 5% of the gross salary. What is the total amount contributed by the company to Sally’s 401K account for the first two years?
Part (c)
1.What is Sally’s gross salary on the 3rd year, after a 4.0% raise?
2.Sally was able to up her 401K contribution to 5% at the beginning of her third year. How much has Sally contributed to her 401K plan during her third year?
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