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The Pension Model has all of the following characteristics except for Group of answer choices only the accumulated earnings are taxed at the end of
The Pension Model has all of the following characteristics except for
Group of answer choices
only the accumulated earnings are taxed at the end of the investment horizon when the investor cashes out of the investment.
the entire accumulation is taxed at the end of the investment horizon when the investor cashes out of the investment.
before-tax dollars are invested.
the annual earnings on the investment grow at the before-tax rate of return.
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