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15 October, 05:43

If you work for a company that will match $2 for every $1 contributed, up to 5% (the company will put up to 5%) of your salary of $50,000, what is the maximum amount of free money from the company that you can earn this year? $5,000 $2,500 $2,000 $1,250

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  1. 15 October, 07:02
    0
    Given:

    Maximum rate = 5%

    Salary = $50000

    For every $1 contributed you get $2;

    Free money = rate of free money given by the company * salary

    = 5/100 * 50000

    = $2500

    Investment = $2500/$2 * $1

    = $1250

    Option B. $2,500.
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