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(1 point) Suppose that for the year 2016 you deposit $3700 of earned income into an IRA on January 1, and you earn an annual

(1 point) Suppose that for the year 2016 you deposit $3700 of earned income into an IRA on January 1, and you earn an annual interest rate of 7% compounded annually. If the marginal tax bracket is 28% when the money is contributed but is only 23% when the balance is withdrawn, which type of IRA is most advantageous after 37 years? Traditional IRA Roth IRA Both are equally advantageous

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