Mathematics, 01.12.2020 01:10 tylerj1133
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
. $113,171.58
Answers: 2
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