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OpenStudy (anonymous):
Melanie made contributions to a Roth IRA over the course of 34 working years. Her contributions averaged $3,750 annually. Melanie was in the 31% tax bracket during her working years. The average annual rate of return on the account was 6.5%. Upon retirement, Melanie stopped working and making Roth IRA contributions. Instead, she started living on withdrawals from the retirement account. At this point, Melanie dropped into the 15% tax bracket. Factoring in taxes, what is the effective value of Melanie’s Roth IRA at retirement? Assume annual compounding.
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OpenStudy (anonymous):
@Capnkookcx
OpenStudy (anonymous):
@ChubbyBunny97
OpenStudy (nightmarenight):
Why tag me? I can't do math
OpenStudy (anonymous):
@I_love_my_nieces
OpenStudy (anonymous):
@VolcoffSage
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