2) Assume that you invest 5 percent of your salary and receive the full 5 percent match from East Coast Yachts. What EAR do you earn from the match

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02-06-2021
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2) Assume that you invest 5 percent of your salary and receive the full 5 percent match from East Coast Yachts. What EAR do you earn from the match

Sagot :

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Amcoolidn Amcoolidn · Answer 1 · 2021-06-03T21:06:57-04:00

Answer:

The EAR you earn from the match is 100%.

Explanation:

Because you will receive a full 5% match if you invest 5% of your pay, this means you will earn 100% of the match up to 5%.

For instance, if you put in 5% of your salary which is determined to be $500 (i.e. $10,000 salary * 5%), East Coast Yachts will match that amount up to $500. This means that you will receive a 100 percent effective annual return (EAR) from the match.

As a result, the EAR you earn from the match is 100%.

Sagot :

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