Question: HELP ME Given the following data for a post -retirement contribution with: Annual contribution : 7500 tax bracket: 15%, Effective rate: 9% , Investment years:

HELP ME

Given the following data for a post -retirement contribution with: Annual contribution : 7500 tax bracket: 15%, Effective rate: 9% , Investment years: 25 Note specific instructions: Calculate the available retirement income (after tax) by: 1)reducing the contribution amount by the tax you would have to pay on that amount BEFORE calculating the final annuity amount. So: you have to reduce the contribution amount by the tax you would have to pay on that amount and Calculate the interest earned then Calculate balance after taxes I got $420,089.9741 as the available retirement income.. is this correct?

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