Multiple Choice
An individual in the 15% tax bracket has $10,000 invested in a tax-exempt IRA account.If the individual earns 8% annually before taxes and inflation is 2.5% per year,what is the real value of the investment in 20 years?
A) $23,211
B) $28,467
C) $29,178
D) $37,276
E) $46,610
Correct Answer:
Verified
Correct Answer:
Verified
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