Mathematics, 01.04.2021 03:50, HOPING4632

3. Yon made contributions to a Traditional IRA over the course of 25 working years. Her contributions averaged $3,000 annually. Yon was in the 26% tax bracket during her working years. The average annual rate of return on the account was 4%. 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
O $106.197.06
O $92.453.91
O $169,947.06
O $111,194.57

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