A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 3 years ago
Cooper makes annual contributions in the amount of $3,250, on average, to a Roth IRA. He wants to retire in 28 years. He is currently taxed in the 35% tax bracket, but anticipates being taxed at 25% in his retirement years. If the average annual rate of return on his account is 4.1%, what is the net value of Cooper’s Roth IRA account at retirement?
$41,229.31
$107,196.21
$133,067.24
$142,167.24
anonymous
 3 years ago
Cooper makes annual contributions in the amount of $3,250, on average, to a Roth IRA. He wants to retire in 28 years. He is currently taxed in the 35% tax bracket, but anticipates being taxed at 25% in his retirement years. If the average annual rate of return on his account is 4.1%, what is the net value of Cooper’s Roth IRA account at retirement? $41,229.31 $107,196.21 $133,067.24 $142,167.24

This Question is Closed

NotTim
 3 years ago
Best ResponseYou've already chosen the best response.0this looks like an annuity. jsut plug and play right?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0no one helps me when i go in math so i did it in open study, ain't that what it's for??

Carniel
 3 years ago
Best ResponseYou've already chosen the best response.1Actually no its not. I'm pretty sure if you just post your question there and w8 someone will help you. Plz go there :) Btw @jagatuba Isn't that a little demanding bro e.e?

jagatuba
 3 years ago
Best ResponseYou've already chosen the best response.1Not the first time the user was told bro.

jagatuba
 3 years ago
Best ResponseYou've already chosen the best response.1And I did say please. :)
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.