You made contributions to a traditional ira over the course of 15 working years. her contributions averaged $4000 annually. yon was in a 29% tax bracket during her working years. the average annual rate of return on the account was 5%. 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.
a= $74,230.25
b= $25,031.13
c= $73,367.11
d= $141,367.11

The answer is : C= $73,367.11

Step-by-step explanation:

We will first find the future value of the annuity.

The formula is :

Fv = pmt [(1+r)^(n)-1)÷(r)]

pmt = $4000

r = 5% or 0.05

n = 15 years

Putting these values in the formula, we get:

= $86,314.25

Now we will deduct the 15% tax on 86314.25 from $86,314.25

 close to option C.

So, option C is the correct answer.

d, x=8

step-by-step explanation:

simplifying

4x + -5 = 2x + 11

reorder the terms:

-5 + 4x = 2x + 11

reorder the terms:

-5 + 4x = 11 + 2x

solving

-5 + 4x = 11 + 2x

solving for variable 'x'.

move all terms containing x to the left, all other terms to the right.

add '-2x' to each side of the equation.

-5 + 4x + -2x = 11 + 2x + -2x

combine like terms: 4x + -2x = 2x

-5 + 2x = 11 + 2x + -2x

combine like terms: 2x + -2x = 0

-5 + 2x = 11 + 0

-5 + 2x = 11

add '5' to each side of the equation.

-5 + 5 + 2x = 11 + 5

combine like terms: -5 + 5 = 0

0 + 2x = 11 + 5

2x = 11 + 5

combine like terms: 11 + 5 = 16

2x = 16

divide each side by '2'.

step-by-step explanation: