Answer:
The amount for early withdrawal is $204
Step-by-step explanation:
Annual interest rate = 5% = 0.05
Investment = $24,000
Annual interest rate * Investment = Annual interest
0.05 * $24,000 = $1,200
Penalty = Two months of interest
(months/months in a year) * Annual interest
(2/12) * $1,200 = 0,17
0,17 * $1,200 = $204,00
Three hundred and ten million seven hundred and sixty three one hundred and thirty six
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
Answer:
110 degrees
Step-by-step explanation:
the angles stay the same even if the size changes!