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What is Nina after-tax accumulation

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Question - In 2019, Nina contributes 11 percent of her $122,000 annual salary to her 401(k) account. She expects to earn a 8 percent before-tax rate of return. Assuming she leaves this (and any employer contributions) in the account until she retires in 20 years, what is Nina's after-tax accumulation from her 2019 contributions to her 401(k) account? Assume Nina's marginal tax rate at retirement is 30 percent.

Reference no: EM132569784

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