acc240 income tax1 - Retirement Planning Annual Investment...

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Retirement Planning Annual Investment $2,000.00 Interest Rate 8% Income Tax Rate 20% Pay Income Taxes As You Go Defer All Income Taxes Amount Interest Total Amount Interest Total Year Invested Earned Nest Egg Year Invested Earned Nest Egg 1 $1,600.00 $1,600.00 1 $2,000.00 $2,000.00 2 1,600.00 $102.40 3,302.40 2 2,000.00 $160.00 4,160.00 3 1,600.00 211.35 5,113.75 3 2,000.00 332.80 6,492.80 4 1,600.00 327.28 7,041.03 4 2,000.00 519.42 9,012.22 5 1,600.00 450.63 9,091.66 5 2,000.00 720.98 11,733.20 6 1,600.00 581.87 11,273.53 6 2,000.00 938.66 14,671.86 7 1,600.00 721.51 13,595.03 7 2,000.00 1,173.75 17,845.61 8 1,600.00 870.08 16,065.11 8 2,000.00 1,427.65 21,273.26 9 1,600.00 1,028.17 18,693.28 9 2,000.00 1,701.86 24,975.12 10 1,600.00 1,196.37 21,489.65 10 2,000.00 1,998.01 28,973.12 11 1,600.00 1,375.34 24,464.99 11 2,000.00 2,317.85 33,290.97 12 1,600.00 1,565.76 27,630.75 12 2,000.00 2,663.28 37,954.25 13 1,600.00 1,768.37 30,999.12 13 2,000.00 3,036.34 42,990.59 14 1,600.00 1,983.94
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