What is the minimum amount of money that lauren needs

Reference no: EM132755791

Problem 1: Lauren earns $52,800 per year, and she's paid monthly. Lauren's employer offers a 401(k) plan, and her employer will contribute 5% of her salary provided Lauren contributes at least 9%. What is the minimum amount of money that Lauren needs to contribute to her 401(k) each month to get the contribution from her employer?

Reference no: EM132755791

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