Question
A regular retirement plan requires that taxes be paid at the time the money is removed from the plan. What is the after-tax value of
A regular retirement plan requires that taxes be paid at the time the money is removed from the plan. What is the after-tax value of a $5,000 deposit into a retirement plan today that generates an 8% return for 20 years if the investor is taxed at the 28% level?
| $16,779 |
| $23,305 |
| $20,135 |
| $21,685 |
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
