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What would be your future account value (after-tax and after-inflation) if you invested $125 each month into a growth mutual fund for 20 years? Assume
What would be your future account value (after-tax and after-inflation) if you invested $125 each month into a growth mutual fund for 20 years? Assume an average annual rate of return of 12.5 percent. Assume a combined federal and state income tax of 24% and an average inflation rate of 3.8% over the 20-year period.
$54,389.77 |
$132,311.70 |
$133,689.95 |
$54,638.60 |
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