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Good news! (Building on the previous question, which is repeated below) Denzel's fund managers out did their estimates. After the 30 years the net amount
Good news! (Building on the previous question, which is repeated below) Denzel's fund managers out did their estimates. After the 30 years the net amount turned out to be $950,000. Now if Denzel decides to take annual distributions to clear the account during the next 20 years, what will the net after tax value of each equal annual distribution be if the account estimate increases to a 12% annual return, and he stays in the same tax bracket? ***Previous Question*** Denzel Valentine started working for Bulls Inc., who offers their employees a Traditional 401k matching plan of $0.80 for every $1 contributed up to a limit of the first $2,000 contributed by the employee. If Denzel chooses to contribute $2,500 to the 401k each year, and the fund managers believe they can earn a 7.5% annual return, how much will be in the account (FV) after 30 years of matched contributions? Assume Denzel is in the 28% tax bracket. O $81,761.68 O $47,500.00 O $125,184.84 O $113,557.88 O $91,573.09 Good news! (Building on the previous question, which is repeated below) Denzel's fund managers out did their estimates. After the 30 years the net amount turned out to be $950,000. Now if Denzel decides to take annual distributions to clear the account during the next 20 years, what will the net after tax value of each equal annual distribution be if the account estimate increases to a 12% annual return, and he stays in the same tax bracket? ***Previous Question*** Denzel Valentine started working for Bulls Inc., who offers their employees a Traditional 401k matching plan of $0.80 for every $1 contributed up to a limit of the first $2,000 contributed by the employee. If Denzel chooses to contribute $2,500 to the 401k each year, and the fund managers believe they can earn a 7.5% annual return, how much will be in the account (FV) after 30 years of matched contributions? Assume Denzel is in the 28% tax bracket. O $81,761.68 O $47,500.00 O $125,184.84 O $113,557.88 O $91,573.09
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