acc240 income tax3 - Retirement Planning Annual Investment...

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Retirement Planning Annual Investment $3,000.00 Interest Rate 10% Income Tax Rate 30% 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 $2,100.00 $2,100.00 1 $3,000.00 $3,000.00 2 2,100.00 $147.00 4,347.00 2 3,000.00 $300.00 6,300.00 3 2,100.00 304.29 6,751.29 3 3,000.00 630.00 9,930.00 4 2,100.00 472.59 9,323.88 4 3,000.00 993.00 13,923.00 5 2,100.00 652.67 12,076.55 5 3,000.00 1,392.30 18,315.30 6 2,100.00 845.36 15,021.91 6 3,000.00 1,831.53 23,146.83 7 2,100.00 1,051.53 18,173.44 7 3,000.00 2,314.68 28,461.51 8 2,100.00 1,272.14 21,545.59 8 3,000.00 2,846.15 34,307.66 9 2,100.00 1,508.19 25,153.78 9 3,000.00 3,430.77 40,738.43 10 2,100.00 1,760.76 29,014.54 10 3,000.00 4,073.84 47,812.27 11 2,100.00 2,031.02 33,145.56 11 3,000.00 4,781.23 55,593.50 12 2,100.00 2,320.19 37,565.75 12 3,000.00 5,559.35 64,152.85 13 2,100.00 2,629.60 42,295.35 13 3,000.00 6,415.29 73,568.14 14 2,100.00
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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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