Economics 1. you are making $50,000 at a new job. the 401k match is 100% up to 5% and you vest 20% per year after one full year of employment. you choose to invest 10% of your income. ignoring any growth, at the at the end of 1 year, what should be in your "money bucket", how much should be in the company "match bucket" and how much is in the "vested bucket"? a - $5000, $2500, $500 b - $2500, $2500, $2500 C - $5000, $2500, $2500 d - $5000, $5000, $5000 e - $2500, $2500, $500 2. 59% of the first payment of a 30-year mortgage of $425,000 at 2.95% will be applied to interest true or false
Economics 1. you are making $50,000 at a new job. the 401k match is 100% up to 5% and you vest 20% per year after one full year of employment. you choose to invest 10% of your income. ignoring any growth, at the at the end of 1 year, what should be in your "money bucket", how much should be in the company "match bucket" and how much is in the "vested bucket"? a - $5000, $2500, $500 b - $2500, $2500, $2500 C - $5000, $2500, $2500 d - $5000, $5000, $5000 e - $2500, $2500, $500 2. 59% of the first payment of a 30-year mortgage of $425,000 at 2.95% will be applied to interest true or false
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Economics
1. you are making $50,000 at a new job. the 401k
match is 100% up to 5% and you vest 20% per
year after one full year of employment. you choose
to invest 10% of your income. ignoring any growth,
at the at the end of 1 year, what should be in your
"money bucket", how much should be in the
company "match bucket" and how much is in the
"vested bucket"?
a - $5000, $2500, $500
b - $2500, $2500, $2500
C - $5000, $2500, $2500
d - $5000, $5000, $5000
e - $2500, $2500, $500
2. 59% of the first payment of a 30-year mortgage
of $425,000 at 2.95% will be applied to interest
true or false](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffe259f53-d81d-40ba-8a25-f6a9dc685910%2F1d66db10-b55d-4d7b-9676-2d0ce180c971%2Fdpe50db_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Economics
1. you are making $50,000 at a new job. the 401k
match is 100% up to 5% and you vest 20% per
year after one full year of employment. you choose
to invest 10% of your income. ignoring any growth,
at the at the end of 1 year, what should be in your
"money bucket", how much should be in the
company "match bucket" and how much is in the
"vested bucket"?
a - $5000, $2500, $500
b - $2500, $2500, $2500
C - $5000, $2500, $2500
d - $5000, $5000, $5000
e - $2500, $2500, $500
2. 59% of the first payment of a 30-year mortgage
of $425,000 at 2.95% will be applied to interest
true or false
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