document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1180040>Question 1180040</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Is this correct? I want to check my answers.\r<BR>\n" );
document.write( "\n" );
document.write( "Topic: Financial Mathematics\r<BR>\n" );
document.write( "\n" );
document.write( "Whitney’s employer contributes to the employees’ 401(k) plans as part of its benefit package. The company will match up to 6% of an employee’s salary. Suppose that Whitney’s salary is $2,800 per month, and she currently contributes 3% of her salary to her 401(k).\r<BR>\n" );
document.write( "\n" );
document.write( "Whitney’s employer contributes (3%) of her salary to her 401(k), or ($84) per month. To maximize her employer’s contributions, Whitney should contribute at least (6%) of her salary to her 401(k).\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "The question is provided in the link here: https://i.imgur.com/u9pusSt.png<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #809623 by </B><A HREF=/tutors/aboutme.mpl?userid=MathLover1><B>MathLover1(20850)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=MathLover1><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=MathLover1><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=809623\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> \r<BR>\n" );
document.write( "\n" );
document.write( "yes, that is <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=correct ALIGN=MIDDLE  ALT=\"correct\"   DISABLED_style= \"max-width:90%; height:auto;\" >, if employer contributes\r<BR>\n" );
document.write( "\n" );
document.write( " <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=3 ALIGN=MIDDLE  ALT=\"3\"   DISABLED_style= \"max-width:90%; height:auto;\" >% of her salary to her 401(k), or $<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=84 ALIGN=MIDDLE  ALT=\"84\"   DISABLED_style= \"max-width:90%; height:auto;\" > per month. To maximize her employer’s contributions, Whitney should contribute at least <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=6 ALIGN=MIDDLE  ALT=\"6\"   DISABLED_style= \"max-width:90%; height:auto;\" >% of her salary to her 401(k)\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );