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Margaret is 25, single, and makes $35,000 a year. Margaret does not have access to an...

Margaret is 25, single, and makes $35,000 a year. Margaret does not have access to an employer-sponsored retirement plan, but she really wants to start saving for retirement. She can contribute $5,100 of pretax money to a traditional IRA, or she can contribute $4,335 of after-tax money to a Roth IRA. The $765 difference represents the tax that Margaret has to pay. Assume Margaret continues to make this same annual contribution for 30 years and earns 10% on her investment.

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Dear student, please find the solution in the image below-

solution Although not mentioned, but the amount in her account after 30 years will be - 29 439511+ o)495(1423 o - 4335 jear t

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