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.

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked May 12, 2021 172k views

0 votes

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.