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:
x = 1/25
y = 32/25
Step-by-step explanation:
Recall that tanA = sinA / cosA.
Therefore, tanA = (3/5) / (4/5) = 3/4.
Answer:
8000
Step-by-step explanation:
Answer:
ZEXRO
Step-by-step explanation:
burh
