The formula of the future value of an annuity ordinary is
Fv=pmt [(1+r)^(n)-1)÷r]
Fv future value?
PMT 2400
R 0.08
T 32 years
Fv=2,400×((1+0.08)^(32)−1)÷(0.08)
Fv=322,112.49
Now deducte 28% the tax bracket from the amount we found
annual tax 2,400×0.28
=672 and tax over 32 years is 672×32
=21,504. So the effective value of Ashton's Roth IRA at retirement is 322,112.49−21,504=300,608.49
The answer is D
You need to make at least $200 so that is greater then or = to. You subtract 92 from 200 which gives you 108. From there you take 108/4 which is 27
Answer: 3
Step-by-step explanation: Substitute the value of the variable into the equation and simplify.
