Use reasoning to lead to the answer of the following question:
Holly gets 26 paychecks per year. If she puts $100.00 from every paycheck into her 401K, her company will match that contribution by 6%. How much money has she and her company contributed to her 401k after 1 year?

2756
She puts $100.

00 into her 401k from every paycheck and she gets 26 paychecks so that’s 100 * 26 = $2,600.

00.

Her company matches her $100.

00 by 6% so they contribute 100 *.

06 = $6.

00 every paycheck.

Over a year, the company contributes $6.

00 to her 401k with every paycheck so they contribute 6 * 26 = $156.

00.

Holly puts $2,600.

00 into her 401k annually and her company contributes $156.

00 annually so she has 2600 + 156 = $2,756 in her 401k.

.

So, the answer is 2756