From beginner to expert, IDNLearn.com has answers for everyone. Whether it's a simple query or a complex problem, our experts have the answers you need.
An employee is considering two job offers. First offer: $57,000 yearly salary with 100% matching up to 5% of yearly salary 401 (k) plan Second offer: $63,000 yearly salary with 75% matching up to 4% of yearly salary 401 (k) plan The employee plans to stay at either job for at least 12 years, assumes there are no salary increases, and will make 401(k) contributions at the same rate the company matches. After 12 years, with an assumed average annual growth rate of 5%, the first job offer will have an estimated 401(k) balance of $90,727.62. Which job offer will have the higher 401(k) balance after 12 years, and by how much? - The first job offer has a higher 401(k) balance by $30,560.88. - The second job offer has a higher 401(k) balance by $30,560.88. - The first job offer has a higher 401(k) balance by $10,505.30. - The second job offer has a higher 401(k) balance by $10,505.30.
Sagot :
We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Accurate answers are just a click away at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.
