### Portion of employee retirement fund

##### Reference no: EM135517

A design-build engineering firm completed a pipeline project wherein the company realized a profit of \$2.3 million in 1 year. If the amount of money the company had invested was \$6 million, what was the rate of return on the investment?

A concrete and building materials company is trying to bring the company funded portion of its employee retirement fund into compliance with HB-301. The company has already deposited \$20,000 in each of the last 5 years. How much must be deposited now in order for the fund to have \$350,000 three years from now, if the fund grows at a rate of 15% per year?

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