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You started your traditional 4 0 1 ( K ) retirement account 4 4 - years ago with a deposit of $ 1 , 6

You started your traditional 401(K) retirement account 44-years ago with a deposit of $1,600. The account is now worth $57,231. You are retired and are now required to withdraw some of the money from the account. Below is the current tax situation:
Your current tax bracket =25%
Long-term Capital Gains Tax Rate =15%
1. What was the annual rate of growth in the value of your 401(k) account?
2. What are the taxes owed if you withdraw $25,000 of the funds from your 401(k) the account?

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