Question a if 30000 after-tax dollars are invested at 7 in, Ask an Expert

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Question: (A) If 30,000 after-tax dollars are invested at 7% in a single-premium tax-deffered annuity, how many after-tax dollars will be accumulated in 20 years?

(B) Studebaker can afford to have his annual income reduced by 3,052 after-tax dollars. How much is this before taxes? If these before-tax dollars are invested each year at 7%, how many after-tax dollars will be accumulated in 20 years?

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Category:- Basic Finance
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