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Miles bridges makes $160,000 as his annual salary. He currently has a starting balance in a normal brokerage investment account of $25,000, and wants to
Miles bridges makes $160,000 as his annual salary. He currently has a starting balance in a normal brokerage investment account of $25,000, and wants to contribute 6% of his salary to this same account each year. If Miles anticipates earning 12% annual return, and incurs an average annual tax expense of 25%, how much will he have in the brokerage account after 20 years of investing?
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To calculate the amount Miles will have in the brokerage account after 20 years of investing we need to consider his annual contributions the annual r...
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Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
