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A $5,000 balance in a tax-deferred savings plan will grow to $159,602.00 in 45 years at an 8% per year interest rate. What wo

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Answer #1

The future worth:-

= P(F/P,i,n)*income tax rate

5000*(F/P,8%,45)*(1-0.30)

5000*31.92045*(0.70)

111721.573

= 111722

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