Mathematics, 20.12.2019 02:31 hemriccaleb1213

Lonnie’s employer will match up to 5% of his salary in contributions to his 401(k). his starting salary with the company is $2,500 a month, and the company allows him to contribute up to 12% of his salary to his 401(k). what is the minimum amount of his salary that lonnie should contribute each month to maximize his employer’s matching contribution? a. $12.50 b. $30.00 c. $125.00 d. $175.00 e. $300.00

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Lonnie’s employer will match up to 5% of his salary in contributions to his 401(k). his starting sal...

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