Ferdinand’s employer will match 50% of his $250 401(k) contributions receiving APR = 3%. This
means that Ferdinand’s employer will put an additional 50% of $250 = $125 into Ferdinand’s
401(k) account each month. So, if Ferdinand puts $250 in the account, the total contribution
will actually be $375 because of the employers "50% match." Pretty nice benefit!

7. Use Excel to determine Ferdinand’s balance after 40 years.
8. How much did Ferdinand deposit into this account?
9. How much did the employer put in?
10. How much is interest?
11. What was Ferdinand’s total investment taking into account his tax savings? In other words,
how much less did Ferdinand see in his paychecks in order to fund this investment account?
12. What was Ferdinand’s profit?