# Georgias employee will match her contributions into a retirement plan up to 5% of her 40,000 annual

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## Question:

Georgias employee will match her contributions into a retirement plan up to 5% of her 40,000 annual salary. in other words, the employee will put $1 into her retirement plan for every $1 Georgia puts into her retirement plan up to the limit. find the future amount in 8 years if quarterly she contributes $1800 assuming funds earn 4% compounded quarterly.

**Related Book For**

## Intermediate Accounting

ISBN: 978-0470161012

9th Canadian Edition, Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.