Michelle, age 54, it's self-employed and has never made a lot of money. But, she is consistently saved 3864 per year into a traditional IRA. Over the years, she's taking full advantage of the tax law and deducted each year's contribution from her tax return. If Michelle started saving age 25 and has earned an average annual rate of 4% how much is the account worth today? 204,662 19,751 645,875 44,630
Michelle, age 54, it's self-employed and has never made a lot of money. But, she is consistently saved 3864 per year into a traditional IRA. Over the years, she's taking full advantage of the tax law and deducted each year's contribution from her tax return. If Michelle started saving age 25 and has earned an average annual rate of 4% how much is the account worth today? 204,662 19,751 645,875 44,630
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Michelle, age 54, it's self-employed and has never made a lot of money. But, she is consistently saved 3864 per year into a traditional IRA. Over the years, she's taking full advantage of the tax law and deducted each year's contribution from her tax return. If Michelle started saving age 25 and has earned an average annual rate of 4% how much is the account worth today?
204,662
19,751
645,875
44,630
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