Mathematics, 27.05.2020 21:07, hellokitty1647

20 points
Leon started making contributions to a Traditional IRA when he got his first job, at age 36. His contributions averaged $1,900 annually. Leon was in the 35% tax bracket during his working years, when he continued to make these annual contributions. The average annual rate of return on the account was 6.1%. Upon retirement at age 64, Leon stopped working and making IRA contributions. Instead, he started living on withdrawals from the retirement account. At this point, Leon dropped into the 25% tax bracket. Factoring in taxes, what is the effective value of Leon's Traditional IRA at retirement? Assume annual compounding.

$122,607.14

$173,536.23

$86,013.62

$99,246.49

Answers: 3

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 17:30, Jerry4891

Two customers went to a post office. first customer paid $12 for 14 and 5 envelopes the second paid 24.80 for 10 postcards and 15 envelopes. what is cost of each envelope?

Answers: 1

continue

Mathematics, 21.06.2019 19:30, ray2220

The position of a moving particle is given by the position function: f(t)=-9t-t^2-0.2t^3+0.1t^4 a. at what time does the particle reverse direction? b. when is the displacement positive? (round one decimal place and answer in interval notation) c. when is the displacement negative? (round one decimal place and answer in interval notation) d. when is the particle’s acceleration positive? (round one decimal place and answer in interval notation) e. when is the particle’s acceleration negative? (round one decimal place and answer in interval notation)

Answers: 3

continue

Mathematics, 21.06.2019 21:30, hailey200127

A. s.a.! similarity in right triangles, refer to the figure to complete this proportionc/a = a/? a.) cb.) hc.) rd.) s

Answers: 1

continue

Mathematics, 21.06.2019 22:00, meg7211

There are 3232 forwards and 8080 guards in leo's basketball league. leo must include all players on a team and wants each team to have the same number of forwards and the same number of guards. if leo creates the greatest number of teams possible, how many guards will be on each team?

Answers: 2

continue

Do you know the correct answer?

20 points
Leon started making contributions to a Traditional IRA when he got his first job, at...