7-52. A $5,000 balance in a tax-deferred savings plan will grow to $50,313.50 in 30 years at...

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7-52. A $5,000 balance in a tax-deferred savings plan will grow to $50,313.50 in 30 years at an 8% per year interest rate. What would be the future worth if the $5,000 had been subject to a 28% income tax rate? (7.7)

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Engineering Economy

ISBN: 9780134870069

17th Edition

Authors: William Sullivan, Elin Wicks, C Koelling

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Question Posted: Oct 26, 2024 01:01 PM

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7-52. A $5,000 balance in a tax-deferred savings plan will grow to $50,313.50 in 30 years at...

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Engineering Economy

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