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Rondeposited $3,000 into a traditional IRA this year.He expects his account will earn an average annual rate of 7%, and he plansto withdraw the money

Rondeposited $3,000 into atraditionalIRA this year.He expects his account will earn an average annual rate of 7%, and he plansto withdraw the money in 34 years.His current income tax rate is 25%, but he anticipates that his income tax ratewill be 15% when he withdraws the money.How much will Ronhave after taxes when the money is withdrawn?

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