PLEASE HELP!! 2. Alice has a 401K with an APR of 2.5% that compounds monthly. She plans on contributing $500.00 a month and her company will match her contribution for a total of $1,000.00 a month contributed.

PLEASE HELP!!

2. Alice has a 401K with an APR of 2.5% that compounds monthly. She plans on contributing
$500.00 a month and her company will match her contribution for a total of $1,000.00 a
month contributed. How much money will be in the account at the time of her retirement
(age 65)? Show all calculations.

1 Answer

PLEASE HELP!! 2. Alice has a 401K with an APR of 2.5% that compounds monthly. She plans on contributing $500.00 a month and her company will match her contribution for a total o…

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