2 Contributions may be tax deductible in the year the contributions are made, Before she comimits any money to an account, Madeline wants to see how much her savings would earn using different investment tactics (For now assume there are no limitations or restrictions on her retirement contributions ) She asked you to help and provided the following information She plans to invest 3,000 every year for 40 years She has found an investment account that earns 5 per year She is in a 20 incorne tax bracket begin tabular l l l l l hline 18 21 4123 23 4144 25 6454 28 1324 hline 19 22 8406 25 1169 27 6712 30 5390 hline 20 24 2974 26 8704 29 7781 33 0660 hline 21 25 7833 28 6765 31 9692 35 7193 hline 22 27 2990 30 5368 34 2480 38 5052 hline 23 28 8450 32 4529 36 6179 41 4305 hline 24 30 4219 34 4265 39 0826 44 5020 hline 25 32 0303 36 4593 41 6459 47 7271 hline 26 33 6709 38 5530 44 3177 51 1135 hline 27 35 3443 40 7096 47 0842 54 6691 hline 28 37 0512 42 9309 49 9676 58 4026 hline 29 38 7922 45 2188 52 9663 62 3227 hline 30 40 5681 47 5754 56 0849 66 4389 hline 40 60 4020 75 4013 95 0255 120 7998 hline hline end tabular the nearest dollar Your findings Madeline's friend's fondhess for tax sheltered accoants, because, according to tha analyss, they effectively earn ed acciourits Winig only th to account in thes analysis, Madeline cond udes that the beciuse isktin tis would save her $ accouat is the best, in part, in income taxes every year Madeline is tempted to use the emoney she would have sent to the IRS for fun but wants to know how moch more she could alam if she put it towierd her orrisual investonert Fist, ste computes th her new annali investinent would be $ Niest, Madeline apglies the interest factor from the rable of to reach an accumulated zotal of $ Your findings Madeline's friend's fondness for tax sheltered accounts, because, according to this analysis, they effectively earn nonsheltered accounts actors taken into account in this analysis, Madeline condudes that the account is the best, in part, only one that would save her $ in income taxes every year pted to use the money she would have sent to the IRS for fun boit wants to know how much more she could earn if shit put it toward her annsal iewestment First, she computes that her new annual investrnent would be $ Next, Madeline applies the interest factor from the table of to reach an accumulated total of $ Your findints Madehne's friend's fondness for tax sheltered accounts, because, according to this afalyas, they effectively earn nonsheltered accounts Using oaly the factors taken into account in this analysis, Madeline concludes that the account is the best, in part because it's the only one that would save her s in income taxes every yea Madeline is tempted to use the money she would have sent to the IRS for fun but want she could earn if she put it toward her annual investment First, she computes that her new annual investment would be 5 Next, Madeline apghins the interest factor from the table of to reach an accumulated total of 5 2 Contributions may be tax deductible in the year the contributions are made, Before she comimits any money to an account, Madeline wants to see how much her savings would earn using different investment tactics (For now assume there are no limitations or restrictions on her retirement contributions ) She asked you to help and provided the following information She plans to invest 3,000 every year for 40 years She has found an investment account that earns 5 per year She is in a 20 incorne tax bracket begin tabular l l l l l hline 18 21 4123 23 4144 25 6454 28 1324 hline 19 22 8406 25 1169 27 6712 30 5390 hline 20 24 2974 26 8704 29 7781 33 0660 hline 21 25 7833 28 6765 31 9692 35 7193 hline 22 27 2990 30 5368 34 2480 38 5052 hline 23 28 8450 32 4529 36 6179 41 4305 hline 24 30 4219 34 4265 39 0826 44 5020 hline 25 32 0303 36 4593 41 6459 47 7271 hline 26 33 6709 38 5530 44 3177 51 1135 hline 27 35 3443 40 7096 47 0842 54 6691 hline 28 37 0512 42 9309 49 9676 58 4026 hline 29 38 7922 45 2188 52 9663 62 3227 hline 30 40 5681 47 5754 56 0849 66 4389 hline 40 60 4020 75 4013 95 0255 120 7998 hline hline end tabular the nearest dollar Your findings Madeline's friend's fondhess for tax sheltered accoants, because, according to tha analyss, they effectively earn ed acciourits Winig only th to account in thes analysis, Madeline cond udes that the beciuse isktin tis would save her $ accouat is the best, in part, in income taxes every year Madeline is tempted to use the emoney she would have sent to the IRS for fun but wants to know how moch more she could alam if she put it towierd her orrisual investonert Fist, ste computes th her new annali investinent would be $ Niest, Madeline apglies the interest factor from the rable of to reach an accumulated zotal of $ Your findings Madeline's friend's fondness for tax sheltered accounts, because, according to this analysis, they effectively earn nonsheltered accounts actors taken into account in this analysis, Madeline condudes that the account is the best, in part, only one that would save her $ in income taxes every year pted to use the money she would have sent to the IRS for fun boit wants to know how much more she could earn if shit put it toward her annsal iewestment First, she computes that her new annual investrnent would be $ Next, Madeline applies the interest factor from the table of to reach an accumulated total of $ Your findints Madehne's friend's fondness for tax sheltered accounts, because, according to this afalyas, they effectively earn nonsheltered accounts Using oaly the factors taken into account in this analysis, Madeline concludes that the account is the best, in part because it's the only one that would save her s in income taxes every yea Madeline is tempted to use the money she would have sent to the IRS for fun but want she could earn if she put it toward her annual investment First, she computes that her new annual investment would be 5 Next, Madeline apghins the interest factor from the table of to reach an accumulated total of 5

Question

2 Contributions may be tax deductible in the year the contributions are made, Before she comimits any money to an account, Madeline wants to see how much her savings would earn using different investment tactics  (For now assume there are no limitations or restrictions on her retirement contributions ) She asked you to help and provided the following information    She plans to invest 3,000 every year for 40 years    She has found an investment account that earns 5  per year    She is in a 20  incorne tax bracket   begin tabular   l l l l l    hline 18   21 4123   23 4144   25 6454   28 1324     hline 19   22 8406   25 1169   27 6712   30 5390     hline 20   24 2974   26 8704   29 7781   33 0660     hline 21   25 7833   28 6765   31 9692   35 7193     hline 22   27 2990   30 5368   34 2480   38 5052     hline 23   28 8450   32 4529   36 6179   41 4305     hline 24   30 4219   34 4265   39 0826   44 5020     hline 25   32 0303   36 4593   41 6459   47 7271     hline 26   33 6709   38 5530   44 3177   51 1135     hline 27   35 3443   40 7096   47 0842   54 6691     hline 28   37 0512   42 9309   49 9676   58 4026     hline 29   38 7922   45 2188   52 9663   62 3227     hline 30   40 5681   47 5754   56 0849   66 4389     hline 40   60 4020   75 4013   95 0255   120 7998     hline             hline  end tabular  the nearest dollar  Your findings Madeline's friend's fondhess for tax sheltered accoants, because, according to tha analyss, they effectively earn  ed acciourits  Winig only th to account in thes analysis, Madeline cond udes that the beciuse isktin tis would save her $ accouat is the best, in part, in income taxes every year  Madeline is tempted to use the emoney she would have sent to the IRS for fun but wants to know how moch more she could alam if she put it towierd her orrisual investonert Fist, ste computes th her new annali investinent would be $ Niest, Madeline apglies the interest factor from the rable of to reach an accumulated zotal of  $ Your findings Madeline's friend's fondness for tax sheltered accounts, because, according to this analysis, they effectively earn nonsheltered accounts  actors taken into account in this analysis, Madeline condudes that the account is the best, in part, only one that would save her $ in income taxes every year  pted to use the money she would have sent to the IRS for fun boit wants to know how much more she could earn if shit put  it toward her annsal iewestment  First, she computes that her new annual investrnent would be $ Next, Madeline applies the interest factor from the table of to reach an accumulated total of $ Your findints Madehne's friend's fondness for tax sheltered accounts, because, according to this afalyas, they effectively earn nonsheltered accounts  Using oaly the factors taken into account in this analysis, Madeline concludes that the account is the best, in part  because it's the only one that would save her s in income taxes every yea Madeline is tempted to use the money she would have sent to the IRS for fun but want she could earn if she put it toward her annual investment  First, she computes that her new annual investment would be 5 Next, Madeline apghins the interest factor from the table of to reach an accumulated total of 5 2 Contributions may be tax deductible in the year the contributions are made, Before she comimits any money to an account, Madeline wants to see how much her savings would earn using different investment tactics  (For now assume there are no limitations or restrictions on her retirement contributions ) She asked you to help and provided the following information    She plans to invest 3,000 every year for 40 years    She has found an investment account that earns 5  per year    She is in a 20  incorne tax bracket   begin tabular   l l l l l    hline 18   21 4123   23 4144   25 6454   28 1324     hline 19   22 8406   25 1169   27 6712   30 5390     hline 20   24 2974   26 8704   29 7781   33 0660     hline 21   25 7833   28 6765   31 9692   35 7193     hline 22   27 2990   30 5368   34 2480   38 5052     hline 23   28 8450   32 4529   36 6179   41 4305     hline 24   30 4219   34 4265   39 0826   44 5020     hline 25   32 0303   36 4593   41 6459   47 7271     hline 26   33 6709   38 5530   44 3177   51 1135     hline 27   35 3443   40 7096   47 0842   54 6691     hline 28   37 0512   42 9309   49 9676   58 4026     hline 29   38 7922   45 2188   52 9663   62 3227     hline 30   40 5681   47 5754   56 0849   66 4389     hline 40   60 4020   75 4013   95 0255   120 7998     hline             hline  end tabular  the nearest dollar  Your findings Madeline's friend's fondhess for tax sheltered accoants, because, according to tha analyss, they effectively earn  ed acciourits  Winig only th to account in thes analysis, Madeline cond udes that the beciuse isktin tis would save her $ accouat is the best, in part, in income taxes every year  Madeline is tempted to use the emoney she would have sent to the IRS for fun but wants to know how moch more she could alam if she put it towierd her orrisual investonert Fist, ste computes th her new annali investinent would be $ Niest, Madeline apglies the interest factor from the rable of to reach an accumulated zotal of  $ Your findings Madeline's friend's fondness for tax sheltered accounts, because, according to this analysis, they effectively earn nonsheltered accounts  actors taken into account in this analysis, Madeline condudes that the account is the best, in part, only one that would save her $ in income taxes every year  pted to use the money she would have sent to the IRS for fun boit wants to know how much more she could earn if shit put  it toward her annsal iewestment  First, she computes that her new annual investrnent would be $ Next, Madeline applies the interest factor from the table of to reach an accumulated total of $ Your findints Madehne's friend's fondness for tax sheltered accounts, because, according to this afalyas, they effectively earn nonsheltered accounts  Using oaly the factors taken into account in this analysis, Madeline concludes that the account is the best, in part  because it's the only one that would save her s in income taxes every yea Madeline is tempted to use the money she would have sent to the IRS for fun but want she could earn if she put it toward her annual investment  First, she computes that her new annual investment would be 5 Next, Madeline apghins the interest factor from the table of to reach an accumulated total of 5

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2 Contributions may be tax deductible in the year the contributions are made, Before she comimits any money to an account, Madeline wants to see

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