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Author Question: Ken invests $10,000 in a deductible IRA which he will hold for 10 years. His current tax rate is 30% ... (Read 42 times)

azncindy619

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Ken invests $10,000 in a deductible IRA which he will hold for 10 years. His current tax rate is 30% and he estimates that his tax rate will remain the same upon withdrawal. He will not be subject to the 10% penalty tax. Assume that the IRA will yield a before-tax return of 10%. What is the after-tax accumulation?


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Marked as best answer by azncindy619 on Sep 13, 2020

cdmart10

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azncindy619

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


emsimon14

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Reply 3 on: Yesterday
Wow, this really help

 

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