acc240 income tax2 - Retirement Planning Annual Investment...

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Retirement Planning Annual Investment $2,500.00 Interest Rate 9% Income Tax Rate 25% 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 $1,875.00 $1,875.00 1 $2,500.00 $2,500.00 2 1,875.00 $126.56 3,876.56 2 2,500.00 $225.00 5,225.00 3 1,875.00 261.67 6,013.23 3 2,500.00 470.25 8,195.25 4 1,875.00 405.89 8,294.12 4 2,500.00 737.57 11,432.82 5 1,875.00 559.85 10,728.98 5 2,500.00 1,028.95 14,961.78 6 1,875.00 724.21 13,328.18 6 2,500.00 1,346.56 18,808.34 7 1,875.00 899.65 16,102.84 7 2,500.00 1,692.75 23,001.09 8 1,875.00 1,086.94 19,064.78 8 2,500.00 2,070.10 27,571.18 9 1,875.00 1,286.87 22,226.65 9 2,500.00 2,481.41 32,552.59 10 1,875.00 1,500.30 25,601.95 10 2,500.00 2,929.73 37,982.32 11 1,875.00 1,728.13 29,205.08 11 2,500.00 3,418.41 43,900.73 12 1,875.00 1,971.34 33,051.42 12 2,500.00 3,951.07 50,351.80 13 1,875.00 2,230.97 37,157.39 13 2,500.00 4,531.66 57,383.46 14 1,875.00
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This homework help was uploaded on 04/07/2008 for the course ACC 240 taught by Professor Vawter during the Spring '08 term at Glendale Community College.

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