Question
How much money will he deposit into the 401K over the 30 years?
Answer:
$54000
Step-by-step explanation:
Since every month he will be depositing $150 and a year has 12 months, then each year he will be depositing 12*150=$1800
For 30 years, this will be given as 30*1800=$54000
Therefore, the amount deposited after 30 years will be $54000
