document.write( "Question 202168This question is from textbook
\n" ); document.write( ": Sally Rogers, an employee of Advanced Ideas, Inc. has a gross salary of $45,000 per year. Her company will match employee 401K contributions up to 5% of the gross salary.\r
\n" ); document.write( "\n" ); document.write( "Due to personal financial constraints, Sally is only able to put 2% of her salary into her 401K during her first two years. However, after receiving a 3.5% raise at the end of her first year and a 4.0% raise at the end of her second year, she is able to increase her 401K contribution to 5% at the beginning of her third year.\r
\n" ); document.write( "\n" ); document.write( "a. Execute the research necessary to understand the basic structure of a 401K plan. Write a 2 to 3 paragraph summary of your findings.
\n" ); document.write( "b. How much did Advanced Ideas, Inc. put into Sally’s 401K in her first two years?
\n" ); document.write( "c. How much will Sally contribute to her own 401K
\n" ); document.write( "during her third year?\r
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

Algebra.Com's Answer #152441 by rfer(16322) $\"\"$ $\"About$

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B) 4500*.02=900.00
\n" ); document.write( "4500*1.035=46575*.02=931.50
\n" ); document.write( "900.00+931.50=$1831.50 for first two years by company
\n" ); document.write( "C) 46575*1.04=48438*.05=$2421.90 the third year by Sally \n" ); document.write( "

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