Final answer:
The total future amount when starting with $25,000 and contributing $150 per month for one year would be $26,800. This calculation does not take into account company contributions, as specific details about the company's contribution formula were not provided.
Step-by-step explanation:
Calculating Total Future Amount with Company Contributions
To understand the total future amount that will be made including the company contributions, we have to first establish the starting amount, the personal monthly contributions, and the contribution period. From the given information, it appears that there might be some confusion about the figures, but assuming the starting amount is $25,000 and the personal monthly contribution is $150, we can calculate the future total.
Let's consider this scenario over a year: Starting with $25,000, the student will add $150 per month. Over 12 months, the student will contribute:
$150 per month × 12 months = $1800
Added to the starting amount, the student's total contribution will be:
$25,000 + $1800 = $26,800
The amounts given in the reference information, such as $15 million, $17.4 million, and $18.9 million, seem unrelated to the student's question. They may be examples of discounting future amounts to their present value using a specified interest rate, which is not relevant to the question asked.
Without additional company contribution information, we can only calculate the student's total from their own contribution. However, if the company also makes monthly contributions or matches the student's contributions, the total would be higher, with the exact amount depending on the company's contribution formula.