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Close Window Question 15 of Moving to another question will save this response Question 15 5 points Save Answ Charles and Martha (both age 30),

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Close Window Question 15 of Moving to another question will save this response Question 15 5 points Save Answ Charles and Martha (both age 30), each saved $15,000 (pre tax ) at the end of every year over their working lives. Both worked till age 65 years. Charles saved his money in a qualified pension plan while Martha saved in her personal account after paying taxes. Martha turned over her portfolio every year and the combination of ordinary income on dividends and interest and capital gains on sale fstock came to a 20% tax rate on investment retums. Ifboth generated a pretax return of 6% per year and were in 25% marginal tax bracket throughout their lives,compute the difference in their net accumulated savings at retirement. O$696,535 O$167,137 O$278,654 $222,849

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