FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A $4,500 balance in a tax-deferred savings plan will grow to $334,608.75 in 50 years at an 9% per year interest rate. What would be

A $4,500 balance in a tax-deferred savings plan will grow to $334,608.75 in 50 years at an 9% per year interest rate. What would be the future worth if the $4,500 had been subject to a 25%income tax rate?(steps for 5 stars)

Single Payment

Uniform Series

Compound Amount Factor

Present Worth Factor

Compound Amount Factor

Present Worth Factor

Sinking Fund

Factor

Capital Recovery Factor

N

To Find F

Given P

F/P

To Find P

Given F

P/F

To Find F

Given A

F/A

To Find P

Given A

P/A

To Find A

Given F

A/F

To Find A

Given P

A/P

1

1.09001.0900

0.91740.9174

1.00001.0000

0.91740.9174

1.00001.0000

1.09001.0900

2

1.18811.1881

0.84170.8417

2.09002.0900

1.75911.7591

0.47850.4785

0.56850.5685

3

1.29501.2950

0.77220.7722

3.27813.2781

2.53132.5313

0.30510.3051

0.39510.3951

4

1.41161.4116

0.70840.7084

4.57314.5731

3.23973.2397

0.21870.2187

0.30870.3087

5

1.53861.5386

0.64990.6499

5.98475.9847

3.88973.8897

0.16710.1671

0.25710.2571

6

1.67711.6771

0.59630.5963

7.52337.5233

4.48594.4859

0.13290.1329

0.22290.2229

7

1.82801.8280

0.54700.5470

9.20049.2004

5.03305.0330

0.10870.1087

0.19870.1987

8

1.99261.9926

0.50190.5019

11.028511.0285

5.53485.5348

0.09070.0907

0.18070.1807

9

2.17192.1719

0.46040.4604

13.021013.0210

5.99525.9952

0.07680.0768

0.16680.1668

10

2.36742.3674

0.42240.4224

15.192915.1929

6.41776.4177

0.06580.0658

0.15580.1558

11

2.58042.5804

0.38750.3875

17.560317.5603

6.80526.8052

0.05690.0569

0.14690.1469

12

2.81272.8127

0.35550.3555

20.140720.1407

7.16077.1607

0.04970.0497

0.13970.1397

13

3.06583.0658

0.32620.3262

22.953422.9534

7.48697.4869

0.04360.0436

0.13360.1336

14

3.34173.3417

0.29920.2992

26.019226.0192

7.78627.7862

0.03840.0384

0.12840.1284

15

3.64253.6425

0.27450.2745

29.360929.3609

8.06078.0607

0.03410.0341

0.12410.1241

16

3.97033.9703

0.25190.2519

33.003433.0034

8.31268.3126

0.03030.0303

0.12030.1203

17

4.32764.3276

0.23110.2311

36.973736.9737

8.54368.5436

0.02700.0270

0.11700.1170

18

4.71714.7171

0.21200.2120

41.301341.3013

8.75568.7556

0.02420.0242

0.11420.1142

19

5.14175.1417

0.19450.1945

46.018546.0185

8.95018.9501

0.02170.0217

0.11170.1117

20

5.60445.6044

0.17840.1784

51.160151.1601

9.12859.1285

0.01950.0195

0.10950.1095

21

6.10886.1088

0.16370.1637

56.764556.7645

9.29229.2922

0.01760.0176

0.10760.1076

22

6.65866.6586

0.15020.1502

62.873362.8733

9.44249.4424

0.01590.0159

0.10590.1059

23

7.25797.2579

0.13780.1378

69.531969.5319

9.58029.5802

0.01440.0144

0.10440.1044

24

7.91117.9111

0.12640.1264

76.789876.7898

9.70669.7066

0.01300.0130

0.10300.1030

25

8.62318.6231

0.11600.1160

84.700984.7009

9.82269.8226

0.01180.0118

0.10180.1018

30

13.267713.2677

0.07540.0754

136.3075136.3075

10.273710.2737

0.00730.0073

0.09730.0973

35

20.414020.4140

0.04900.0490

215.7108215.7108

10.566810.5668

0.00460.0046

0.09460.0946

40

31.409431.4094

0.03180.0318

337.8824337.8824

10.757410.7574

0.00300.0030

0.09300.0930

45

48.327348.3273

0.02070.0207

525.8587525.8587

10.881210.8812

0.00190.0019

0.09190.0919

50

74.357574.3575

0.01340.0134

815.0836815.0836

10.961710.9617

0.00120.0012

0.09120.0912

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Analysis Synthesis And Design Of Chemical Processes

Analysis Synthesis And Design Of Chemical Processes

Authors: Richard Turton, Joseph Shaeiwitz, Debangsu Bhattacharyya, Wallace Whiting

5th Edition

0134177401, 978-0134177403

Students also viewed these Finance questions

Question

1. Critically evaluate the evidence that children who have been abused or neglected are at increased risk of negative long-term outcomes in both childhood and adulthood.

Answered: 1 week ago

Question

★★★★★
During the current year, Bailey, a U.S. corporation, began operating overseas. It manufactures machine tools in the United States and sells them to Canadian customers through a branch office located...

Answered: 1 week ago

Question

★★★★★
Information for Legoria Co: 12/31/2018 12/31/2017 Common shares Outstanding 100,000 100,000 Convertible preferred stock [$10 Par Value; convertible into 32,000 shares of common stock] $120,000...

Answered: 1 week ago

Question

★★★★★
2. Write down the Lagrangian for the consumer's optimisation problem, find the first order necessary conditions, and characterise the equilibrium (i.e., compute the op- timal allocations and prices...

Answered: 1 week ago

Question

★★★★★
Delorean Ltd operates a distillery that produces a well-known brand of gin. Delorean Ltd has issued capital of $10 million consisting of 1,000,000 ordinary shares. The company's constitution does not...

Answered: 1 week ago

Question

★★★★★
The article does provide support for the relevant OSHA standards surrounding the topic. The article discusses the findings of a study on electrical safety beliefs and practices. The study found that...

Answered: 1 week ago

Question

★★★★★
Comparison of APPLE and MICROSOFT corporate governance. To what extent the corporate governances are similar and to what extent they are different, how they reflect good governance principles such as...

Answered: 1 week ago

Question

★★★★★
Victor and George are friends who have recently graduated from Greenstreet University with a degree in fashion design. They discuss an idea of setting up a fashion design business in London. Having...

Answered: 1 week ago

Question

★★★★★
research at least 2 of the following codes of ethics: (ISC)2 Code of Ethics The International Council of Electronic Commerce Consultant (EC-Council) System Administration, Networking, and Security...

Answered: 1 week ago

Previous Question Next Question