How much will you have after 50 years, after taxes

Reference no: EM133715920

Question: Your capital gains tax rate, for investments held more than one year is 10%. Your income tax rate for investments held less than one year is 20%. You can earn 6% per year, before taxes. If you invest $1,000 of your money in an index fund that has zero turnover, how much will you have after 50 years, after taxes (assuming that you take all of your money out after 50 years)?

Reference no: EM133715920

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