WILL GIVE BRAINLIEST PLEAAE HELP
Yon made contributions to a Traditional IRA over the course o...
Mathematics, 02.04.2020 23:35 khynia11
WILL GIVE BRAINLIEST PLEAAE HELP
Yon made contributions to a Traditional IRA over the course of 35 working years. Her contributions averaged $2,000 annually. Yon was in the 28% tax bracket during
her working years. The average annual rate of return on the account was 6%. 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)
Answers: 3
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