Question: what excel formula do i use to solve this problem?An investor makes a nondeductible (after-tax) contribution of $2,038 to a traditional IRA. The IRA contribution
what excel formula do i use to solve this problem?An investor makes a nondeductible (after-tax) contribution of $2,038 to a traditional IRA. The IRA contribution grows at 8.86 percent after-tax rate of return compounded annually for 13 years when it is distributed. The distribution is subject to a 37 percent tax. Calculate the dollar amount of IRA distribution the investor is left with after paying taxes
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