then how much money will be added to
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Q39

Transcribed Image Text:Your employer provides a 401(k) plan with a matching contribution of 7% of your
salary if you put in at least 5% of your salary. If your monthly salary is $4650 and you
contribute just enough to get the match, then how much money will be added to
your account in total over one year?
Your Answer:
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