This is a four-part question:

Michael earns $36,000 per year, and he's paid monthly. His employer offers a 401(k) plan with 50% matching up to 10% of salary.What is the minimum amount of money that Michael needs to contribute to his 401(k) each month to get the maximum contribution from his employer? (round two decimal places)

Suppose Michael contributes the minimum amount of money to his 401(k) to get the maximum contribution from his employer. How much money willhis employer contribute to his 401(k) each month? (round two decimal places)

SupposeMichael contributes the minimum amount of money to his 401(k) to get the maximum contribution from his employer. Michael is 26 years old, and he would like to retire when he's 65 years old. How much money will Michael accumulate by the time he retires?Assume hisinvestments will earn an interest rate of 6%, which is a reasonable inflation-adjusted return for a diversified investment portfolio. (round two decimal places)

Does Michael have enough money to retire when they're 65 years old? Justify your answer