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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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