Mathematics
Mathematics, 01.12.2020 05:50, hoboethan

Al charges com 3. Yon made contributions to a Traditional IRA over the course of 30 working years. Her contributions averaged $5,000 annually. Yon was in the 27% tax bracket during her working years. The average annual rate
of return on the account was 3%. Upon retirement, Yon stopped working and making IRA contributions. Instead, she started living on withdrawals from the retirement account. At this point, Yon dropped into the
15% tax bracket. Factoring in taxes, what is the effective value of Yon's Traditional IRA at retirement? Assume annual compounding. (3 points)
$209,331.83
O $173,650.27
$343,862.19
$202,195.52

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Answers: 1

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