Ashlyn made contributions to a Roth IRA over the course of 34 working years. His contributions averaged $3,100 annually. Ashlyn was in the 26% tax bracket during his working years. The average annual rate of return on the account was 6%. Upon retirement, Ashlyn stopped working and making Roth IRA contributions. Instead, he started living on withdrawals from the retirement account. At this point, Ashlyn dropped into the 12% tax bracket. Factoring in taxes, what is the effective value of Ashlyn’s Roth IRA at retirement? Assume annual compounding.

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3100(1+4.44%)^34 ?

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