First find the future value of an annuity ordinary using the formula of
Fv=pmt [(1+r)^(n)-1)÷(r)]
Fv future value?
PMT 4000
R 0.05
N 15 years
Fv=4,000×(((1+0.05)^(15)−1)÷(0.05))
Fv=86,314.25
Then deducte the 15% tax bracket from the amount we found to get the effective value of Yon's traditional IRA at retirement
86,314.25−86,314.25×0.15
=73,367.11
Answer:
Thanks for points!
Step-by-step explanation:
Answer:
8 pounds of gummy bears.
Step-by-step explanation:
To find this answer I did:
40/30 = 4/3
Then,
4/3 x 6 = 24/3
This simplified is 8.
To check:
8/6 x 5 = 40/30
