financial calc

18. Cassius Winston makes $160.000 as his annual salary. He currently has a starting balance in a normal brokerage investment account of $35,000 and wants to contribute 6% of his salary to this same account each year. If Cassius anticipates earning a 12% annual return and incurs an average annual tax expense of 20%, how much will he have in the brokerage account after 20 years of investing? a. $423,937.55 b. $525,476.62