How much will be contributed to wills plan in a year by both

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Will works for Micro Lance Computer Company and participates in its thrift and savings plan. For every $1.00 Will contributes to the plan, up to 5% of his salary, the company contributes $0.25. If Will's salary is $40,000 and he decides to maximize the matching contributions, how much will be contributed to Will's plan in a year by both the employer and Will? 

Reference no: EM13799223

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