Stephanie is going to contribute $250 on the first of each month, starting today, to her retirement account. her employer will provide a 50 percent match. in other words, her employer will add $125 to the amount stephanie saves. if both stephanie and her employer continue to do this and she can earn a monthly interest rate of .5 percent, how much will she have in her retirement account 25 years from now?

she have in her retirement account 25 years from now is $261172.09

Step-by-step explanation:

given data

contribute principal P = $250

employer = 50 %

employer add = $125

interest rate = 0.5 % = 0.005

time = 25 year = 300 months

to find out

how much will she have in her retirement account 25 years from now

solution

here monthly payment = 250 + 125 = $375

we will apply here amount formula that is

amount = P × × ( 1 + rate )

put here value

amount = 375 × × ( 1 + 0.005 )

amount = 261172.09

so she have in her retirement account 25 years from now is $261172.09

step-by-step explanation:

one day the were 5 ducks, and their king told them to multiply their kingdom. so each went their own seperate way and met 4 other ducks on their journey.

when the ducks returned to their kingdom, it was discovered that there were 5 groups of 5 ducks. when the kind counted the number of ducks in total (including the ones he sent out earlier) he counted 25.

therefore 5 times 5 is 25.

the end. : )