Algebra finance retirement multiple choice help please! D:

Question

anonymous · Answer

Faith wants to retire in 35 years. She makes annual contributions to a Roth IRA in the amount of $3,950. She is taxed at 35% today, but anticipates that will change to 25% in her retirement. If the average annual rate of return on the account is 6.3%, what is the net value of Faith’s IRA account when she retires?

A) $305,053.33
B) $351,984.61
C) $420,925.32
D) $434,750.32

anonymous · Answer

hmm so i just wanna understand the question 
So every year Faith deposits $3950 into an acct
Additionally every yr the amt of money in that IRA roth retirement plan gets taxed originally 35% and then 25%

anonymous · Answer

yes, 25% after 35 years

anonymous · Answer

Im just confused abt the tax ...

anonymous · Answer

I'm not sure either D;

anonymous · Answer

idk im reading up on it ... I think you only get taxed when you withdraw money

anonymous · Answer

@amistre64 Are you familiar with Roth IRA retirement plans?

anonymous · Answer

Hey I found a youtube link on how to solve it and what the IRA is all abt Sound doesnt work on my comp but this may help you https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/ira-401ks/v/roth-iras

anonymous · Answer

Thank you! anything helps ^-^