You put $10,000 into a traditional IRA and invest everything in a money market fund. The fund has an annual expense ratio of .05%. Your expected annual return is 4.5%, your current tax rate is 35%, and you expect your tax rate in retirement to be 25%. The long-term capital gains rate is 15% and the short-term capital gains rate is 35%. What is the after-tax future value of your investment in 20 years?

DU = 10000 N = 20 I ly = 4,5-05 4.45 PMT o FV = 23,887.40 X (1-25) = 17,9155.55 ) ? = (1