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4 July, 12:30

Last year preston contributed 125 towards his 401 (k) account each month. if his employer matched 14% of his contributions, what was the the total amount contributed to 401 (k) at the end of the year

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  1. 4 July, 15:31
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    125 each month = 125 * 12 = 1500 per yr

    his employer matched 14% ... 0.14 (1500) = 210

    total amount = 1500 + 210 = 1710 <==
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