1. If Marcelino invested $3,000 at the beginning of each year in his IRA and his investment returned 10 percent per year, what would be his nominal account balance at the end of 30 years? What would be his inflation-adjusted balance, assuming inflation of 3.5 percent? Use the Investment Returns Calculator to determine the answer.

1. If Marcelino was in the 15 percent tax bracket and he withdrew enough money at the beginning of each year to deplete his entire account from question 1 in 25 years, how much could he withdraw per year if the account continued to earn 6 percent? How much would the withdrawal be worth after taxes were paid, assuming all earnings were taxable as ordinary income? Use a financial calculator or the factor tables to determine the answer.

1. If Marcelino was in the 15 percent tax bracket and instead of investing his money in a tax-advantaged account, he simply invested $3,000 at the beginning of each year in a taxable account earning 10 percent per year, what would be his nominal account balance at the end of 30 years? What would be his inflation-adjusted balance, assuming a 3.5 percent inflation rate? Use the Investment Returns Calculator to determine the answer.

1. If Marcelino was in the 15 percent tax bracket and he withdrew enough money at the beginning of each year to deplete his entire account from question 3 in 25 years, how much could he withdraw if the account continued to earn 6 percent? How much would the withdrawal be worth after taxes were paid, assuming all earnings were taxable as ordinary income in the year earned? Use a financial calculator or the factor tables to determine the answer.

1. By deferring his taxes, how much additional annual income will Marcelino receive?