A regular retirement plan requires that taxes

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A regular retirement plan requires that taxes be paid at the time the money is removed from the plan. What is the after-tax value of a $5,000 deposit into a retirement plan today that generates an 8% return for 20 years if the investor is taxed at the 28% level?

A. $16,779

B. $23,305

C. $21,685

D. $20,135

Reference no: EM13929582

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