4. Kobe made contributions to a Roth IRA over the course of 25 working years. His contributions averaged $5,000 annually. Kobe was in the 27% tax bracket during his working years. The average annual rate of return on the account was 4%. Upon retirement, Kobe stopped working and making Roth IRA contributions. Instead, he started living on withdrawals from the retirement account. At this point, Kobe dropped into the 15% tax bracket. Factoring in taxes, what is the effective value of Kobe’s Roth IRA at retirement? Assume annual compounding. (1 point)

A) $189,479.54
B) $152,007.56
C)$193,229.54
D) $174,479.54

Question

4.  Kobe made contributions to a Roth IRA over the course of 25 working years. His contributions averaged $5,000 annually. Kobe was in the 27% tax bracket during his working years. The average annual rate of return on the account was 4%. Upon retirement, Kobe stopped working and making Roth IRA contributions. Instead, he started living on withdrawals from the retirement account. At this point, Kobe dropped into the 15% tax bracket. Factoring in taxes, what is the effective value of Kobe’s Roth IRA at retirement? Assume annual compounding. (1 point)

A) $189,479.54
   B) $152,007.56
  C)$193,229.54
 D) $174,479.54

anonymous · Answer

@adrynicoleb

anonymous · Answer

@abbyrxberts @techdude33 @hhelpplzzzz @NicoleLeyva @NicoleE714 ?

adrynicoleb · Answer

I'm not very good at math. It's kind of my worst subject. Sorry >.<