Mateo earns $75,000 per year and contributes 8% of his salary to a 401(k) retirement plan. His employer matches 20% of his contribution. If Mateo's salary does not change, how much will the employer contribute

Mateo earns $75,000 per year and contributes 8% of his salary to a 401(k) retirement plan. His employer matches 20% of his contribution. If Mateo's salary does not change, how much will the employer contribute to his 401(k) over 2 years?

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Mateo earns $75,000 per year and contributes 8% of his salary to a 401(k) retirement plan. His employer matches 20% of his contribution. If Mateo's salary does not change, …

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