PLEASE HELP!! 2. Alice has a 401K with an APR of 2.5% that compounds monthly. She plans on contributing
$500.00 a month and her company will match her contribution for a total of $1,000.00 a
month contributed. How much money will be in the account at the time of her retirement
(age 65)? Show all calculations.

multiply 12x65, then multiply that by 1,000 to get 780,000

Step-by-step explanation:

answer: solve 5\cdot 2^x=2405⋅2  

x

=2405, dot, 2, start superscript, x, end superscript, equals, 240.

solution

to solve for xxx, we must first isolate the exponential part. to do this, divide both sides by 555 as shown below. we do not multiply the 555 and the 222 as this goes against the order of operations!

\begin{aligned} 5\cdot 2^x& =240 2^x& =48 \\ \end{aligned}  

5⋅2  

x

2  

x

​    

=240

=48

​

step-by-step explanation: