Poll

President Donald Trumps presidency will be:
Excellent
Great
Neither good nor bad
Bad
Terrible
If you would like to vote in this poll, please login or register

New Topic  
wrote...
Posts: 970
Credits: 755
A month ago
Ken invests $5,000 in a deductible IRA which he will hold for 10 years. His current tax rate is 30% and he estimates that his tax rate will remain the same upon withdrawal. He will not be subject to then 10% penalty tax. Assume that the IRA will yield a before-tax return of 10%. What is the after-tax accumulation?
Read 15 times
1 Reply
replies
Answer verified by an expert moderator
wrote...
Posts: 1889
Credits: 9421
A month ago
To view this post and more
You'll need to login or register
10,000 [(1.10)10(1 - 0.3)] = $9,078
New Topic      
This board requires you to register before making a post. Click here to join.

Explore

Post homework questions online and get free homework help from tutors.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
There are currently 217 guests browsing and 8 members online. So far today, 926 students have registered.
Related Images
271
0
02/22/15

295
0
05/31/15

182
5
08/12/15