Question

please help asappppp
Brandon wants to retire in 42 years. He makes annual contributions to a Traditional IRA in the amount of $2,200. He is taxed at 33% today, but anticipates that will change to 15% in his retirement. If the average annual rate of return on the account is 4.9%, what is the effective value of Brandon’s IRA account when he retires?

$194,240.39

$246,424.38

$259,419.03

$260,919.93

Answer 1

@ankit042

Answer 2

@rane @Nurali

Answer 3

@amistre64