Savanna makes annual contributions in the amount $1500 on average to a traditional IRA. She wants to retire and 37 years. She is currently taxed in the 28% tax bracket but anticipates being taxed at 10% in her retirement years. If the average annual rate of return on her account is 6.5% what is the effective value of savannas traditional IRA account at retirement? (show work)
A = $192,710.13
B = $198,582.37
C = $473,646.99
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Savanna makes annual contributions in the amount $1500 on average to a traditional IRA. She wants to retire and 37 years. She is currently ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Each electron in an atom has a charge of - 1 and each proton has a charge of + 1. What is the overall charge of an atom that contains 2 electrons and 2 protons?
Answers (1)
A bus makes 28 stops every 2 hours how many stops does t make in 3 hours? 4 hours?
Answers (2)
Sheldon bought a $20 book at a 35% discount. He wrote an expression to find the discounted price. 20-0.35 (20) Which expression is equivalent to discounted price Sheldon paid? A (1-0.35) 20 B (1+0.35) 20 C (20-0.35) 20 D 20+0.35 (20)
Answers (2)
What is the distance between - 3 and 1 on the number line
Answers (1)
What is - 4 2/5 : (-5) ? A. - 22/25 B. - 8/25 C. 8/25 D. 22/25
Answers (1)
New Questions in Mathematics
Solve the equation 46p-14=36
No Answers
Yumi wants to make 12 cups of party mix using candies and nuts her budget require the party mix to cost her $1 29 per cup. The candies are $ 2.49 per cup and nuts are 0.69 per cup how many cups of candiez and how many cups of nuts
Answers (1)
Simplify. 3/5 + (-1/4) over 7/10 Enter your answer, in simplest form.
Answers (1)
Where is the x-axis on a typical x-y grid?
Answers (1)
Bryce drove 200 miles to his grandparents house this is 50 miles more than three times the distance to Aunt Lance a house what is the distance to hisaunt lance house?
Answers (1)