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(9 points)
Thomas has an opportunity to save $275 per month at an APR of 8.1% in a 401k plan through work. He plans to retire in 10 years. The income
taxes are at 33% for him.
(1) If Thomas's company offers a 25% matching contribution, how much would the company contribute to Thomas's 401K by the time he retires?
(Express your answer rounded correctly to the nearest cent!)
$
(2) Use Excel's FV function to determine how much his investment will be worth when he retires based solely on his contributions
(Express your answer rounded correctly to the nearest cent!)
$
(3) What are Thomas's tax savings over the course of his investment? Review your course materials for help with this calculation
(Express your answer rounded correctly to the nearest cent!)
$
If you haven't answered the question correctly in 3 attempts, you can get a hint.

it could 14.28 but if its not that one then it has to be the 17 one. hope this ! : )

step-by-step explanation:

horizontal translation of 2 units in the positive x direction

followed by

vertical translation of 3 units in the positive y direction

the solution of the equation is 2.23 ⇒ answer b

step-by-step explanation:

* lets revise the meaning of exponential function

- the form of the exponential function is y = ab^x, where a ≠ 0, b > 0 ,  

  b ≠ 1, and x is any real number

- it has a constant base b

- it has a variable exponent x

- to solve an exponential equation, take the log or ln of both sides,  

  and solve for the variable

* lets solve the problem

∵

- the base is 7 and the exponent is x

- insert ㏑ in both sides

∴

- use the rule

∴ x ㏑(7) = ㏑(77)

- to find x divide both sides by ㏑(7)

∴

* the solution of the equation is 2.23 to the nearest 2 decimal places

where is the gragh

step-by-step explanation: