Will is 30 years old and works for a company that matches his 401(k) contribution up to 3%. the interest rate for his 401(k) is 7.13%. if he puts away 9% of his $41,000 salary every year, how much would he have saved in 10 years?

$68395.76

Step-by-step explanation:

Will is 30 years old. He works for a company that matches his 401(k) to 3%

The interest rate for his 401(k) = 7.13%

If he puts 9% of his salary, we have

9/100 * 41000

= 3690

The employer contributes a maximum of 3% . So we have

3/100 * 41000

= 1230

The total annual contribution of will = 3690 + 1230

= $4920

The money saved after 10 years is given as

FV = [P(1+r)^n - 1] / r

n = 10

P =annual payment = 4920

r = rate of interest = 7.13%

= 0.0713

FV = [4920(1 + 0.0713)^10 - 1 ]/ 0.0713

= $68395.76

He will save $68,395.76

i dont know if you cant find a way its best to actually add all of them start from 105 tho

step-by-step explanation:

step-by-step explanation:

y = | -2(-2) |     →     y = | 4 |     →     y = 4       ⇒   (-2, 4)

y = | -2(-1) |     →     y = | 2 |     →       y =   2       ⇒   (-1, 2)    

y = | -2(0) |     →     y = | 0 |     →       y = 0         ⇒   (0, 0)

y = | -2(1) |   c →     y = | -2 |     →     y =   2         ⇒   (1, 2)    

y = | -2(2) |     →     y = | - 4 |     →     y =   4         ⇒   (2, 4)