Your friend is able to invest 120 a month in a 401k with a, Ask an Expert

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Your friend is able to invest $120 a month in a 401(K) with a predicted growth rate of 3%. Your friends company will match 50% of your friends contributions.

a. How much does your friends company contribute every month? (round to the nearest dollar

b. Use excel’s FV function to find the account balance after 20 years. (round to the nearest cent)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92870029

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