Mathematics, 03.02.2021 05:00 lazymarshmallow7
An investor makes a deductible (before-tax) contribution of $2,307 to a traditional IRA. The IRA contribution grows at an 9.30 percent before-tax rate of return compounded annually for 12 years it is distributed. The distribution is subject to a 37 percent tax. Calculate the dollar amount of IRA distribution the investor is left with after paying taxes.
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An investor makes a deductible (before-tax) contribution of $2,307 to a traditional IRA. The IRA con...
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