Mathematics, 05.06.2020 21:08 zenzen24
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?
$305,053.33
$351,984.61
$420,925.32
$434,750.32
Answers: 3
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Faith wants to retire in 35 years. She makes annual contributions to a Roth IRA in the amount of $3,...
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