Clearly and neatly show all work for each problem Round all

Last updated: 5/7/2023

Clearly and neatly show all work for each problem Round all final answers to the nearest dollar Do not round intermediate work 1 Velma currently has a job that pays her 48 000 a year She is paid twice a month on the 5th and the 20th and wants to start saving for retirement and pay off her credit card Velma plans to contribute 7 5 of her pre tax income to her company s 401k Find how much of each paycheck Velma will be putting into the 401k If the 401k is compounded semi monthly at a rate of 3 2 find the balance in 30 years when Velma hopes to retire