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Q1: Sally has two IRA's. IRA #1 earns interest at 4% effective annually and IRA #2 earns interest at 6% effective annually. She has
Q1: Sally has two IRA's. IRA #1 earns interest at 4% effective annually and IRA #2 earns interest at 6% effective annually. She has not made any contributions since January 1, 1995, when the amount in IRA #1 was three time the amount in IRA #2. The sum of the two accounts on January 1, 2015 was $80,000. Determine how much was in IRA #2 on January 1, 1995.
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Amount in IRA 1 on January 1 1995 3 x Amount in IRA 2 on January 1 1995 8...
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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
