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Withdraw the total amount at retirement

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Reference no: EM132614094

Suppose you will face a tax rate of 30% before and after retirement.

The interest rate is 6%. You are 35 years away from your retirement date and you deposit $2,000 into a regular, non-tax sheltered account. When you withdraw the total amount at retirement, how much will you be left with after paying taxes?

Reference no: EM132614094

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