Mathematics, 09.01.2021 08:20 MaxHunter8377

Pat is a 23-year-old man. He earns a taxable income of $70,000.00, and the effective tax rate on his income is 19%. He contributes 10% of his earnings into a Roth IRA
account with 3% return. What is his estimated Roth IRA balance when he is 50 years
old?

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Pat is a 23-year-old man. He earns a taxable income of $70,000.00, and the effective tax rate on his income is 19%. He contributes 10% of his earnings into a Roth IRA account with 3% return. What is his estimated Roth IRA balance when he is 50 years old?

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Another question on Mathematics

Pat is a 23-year-old man. He earns a taxable income of $70,000.00, and the effective tax rate on his income is 19%. He contributes 10% of his earnings into a Roth IRA
account with 3% return. What is his estimated Roth IRA balance when he is 50 years
old?