Question:

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

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