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Tom has brought $150,000 from his pension to a new job where his employer will match 401(k) contributions dollar for dollar. Each year he contributes $3,000. After seven years, how much money would Tom
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Tom has brought $150,000 from his pension to a new job where his employer will match

401(k) contributions dollar for dollar. Each year he contributes $3,000. After seven years,
how much money would Tom have in his 401(k)? Show your calculations.

User Requinard
by
7.2k points

1 Answer

1 vote

Step-by-step explanation:

the answer :171,000

the equation that you need ..is:150,000+3,000(x)

User Hiranya Sarma
by
5.7k points
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