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6. In 2022, Nina contributes 10 percent of her $100,000 annual salary to her 401(k) account. She expects to earn a 6 percent before-tax
6. In 2022, Nina contributes 10 percent of her $100,000 annual salary to her 401(k) account. She expects to earn a 6 percent before-tax rate of return. Assuming she leaves this in the account until she retires in 25 years, what is Nina's after-tax accumulation from her 2022 contributions to her 401(k) account? Assume Nina's marginal tax rate at retirement is 30 percent.
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Financial Accounting A Critical Approach
Authors: John Friedlan
4th edition
1259066525, 978-1259066528
