Question: Given the following data: post -retirement contribution Annual contribution : 7500 tax bracket: 15%, Effective rate: 9% , Investment years: 25 Calculate the available retirement

Given the following data:

post -retirement contribution

Annual contribution : 7500

tax bracket: 15%,

Effective rate: 9% ,

Investment years: 25

Calculate the available retirement income (after tax) for the post-tax contribution by reducing the contribution amount by the tax you would have to pay on that amount BEFORE calculating the final annuity amount.

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