Leo is 23 years old and works for a company that matches his 401(k) contribution up to 4.6%. the interest rate for his 401(k) is 5.32%. if he puts away 8% of his $65,000 salary every year, how much would he have saved in 10 years? round your answer to the nearest cent. a. $7110,127.51 b. $104,564.67 c. $65,582.40 d. $62,269.66

Hi there
The formula of the future value of annuity ordinary is
Fv=pmt [(1+r)^(t)-1)÷r]
His contribution 4.6%
65,000×0.046=2,990
He puts away 8%
65,000×0.08=5,200
Find the future value of each of them using the formula
Fv=5,200×(((1+0.0532)^(10)−1)÷(0.0532))=66,390.27 the future value of the amount he saved

Fv=2,990×(((1+0.0532)^(10)−1)
÷(0.0532))=38,174.40 the future value of his contribution

The sum is the answer
38,174.40+66,390.27
=104,564.67...answer

Hope it helps

I’m going to infer you said parallel.solve for yy= -1/2x+7/4lines that are parallel have the same slope, different y intercept.so we know m is -1/2then from there solve for y intercept.