Question
Future value of retirement accounts. 20k to start, 5k additional each year for 35 years. (age 30-65). Account 1: fee of .0117; return rate of
Future value of retirement accounts. 20k to start, 5k additional each year for 35 years. (age 30-65).
Account 1: fee of .0117; return rate of .0442 annually.
Account 2: fee of .0004; return rate of .0834 annually.
FVn = [C(1 – TC) * (1+r)n] + PMT(1-TC)[(1+r)n – 1/r]
FV35 = [20,000(1-.0117) * (1+.0442)35 + 5000(1-.0117) [(1+.0442)35 – 1 / .0442) =
FV35 = [20,000(1-.0004) * (1+.00834)35 + 5000(1-.0004) [(1+.0834)35 – 1 / .0834) =
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Here are the calculations Account 1 FV1 20000101171044235 ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
