What would be your future account value (after-tax and after inflation) if you invested $500 each...
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What would be your future account value (after-tax and after inflation) if you invested $500 each month into a growth mutual fund for 40 years? Assume an average annual rate of return of 7.5 percent. Assume a combined federal and state income tax rate of 28% and an average annual inflation rate of 2.7 percent. O $344,387.30 O $424,352.37 O $387,475.91 $450,374.33 What would be your future account value (after-tax and after inflation) if you invested $500 each month into a growth mutual fund for 40 years? Assume an average annual rate of return of 7.5 percent. Assume a combined federal and state income tax rate of 28% and an average annual inflation rate of 2.7 percent. O $344,387.30 O $424,352.37 O $387,475.91 $450,374.33
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