Asked by marissa
company starting salary 75,000
retirement benefits 401k with annual contribution of 5% company will match 3% (for max contribution of 8% salary)
avg 401k return within mutual fund options at 8% per year
sign on bonus 0
annual bonus after 2 years of service annual bonus of $2000 per year ( 5% of annual bonus is deducted for retirement benefits)
house cost $100,000
mortgage rates 5% on 20 year mortgage
Calculate the following for 5 and 10 years
1. total income from salary
2. retirement account balances
3. annual bonus
4. total interest paid on mortgage
retirement benefits 401k with annual contribution of 5% company will match 3% (for max contribution of 8% salary)
avg 401k return within mutual fund options at 8% per year
sign on bonus 0
annual bonus after 2 years of service annual bonus of $2000 per year ( 5% of annual bonus is deducted for retirement benefits)
house cost $100,000
mortgage rates 5% on 20 year mortgage
Calculate the following for 5 and 10 years
1. total income from salary
2. retirement account balances
3. annual bonus
4. total interest paid on mortgage
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