Your Friend Is Able To Invest $106 A Month In A 401(K) With A Predicted Growth Rate Of 3%. Your Friend's Company Will Match 50% Of Your Friend's Contributions. How Much Does Your Friend's Company Contribute Every Month? $ 53 (Round To The Nearest Dollar) Use Excel's FV Function To Find The Account Balance

Answer rating: 100% (QA)

To find out how much your friends company contributes every month we first need to calculate your fr... View the full answer