A 68 year old retiree has a pension savings of $40,000, a 401k of $63, 000, and an IRA account of $59,000. Before 2008, he had 2% more cash in the pension, 12% more in the IRA, and 1% more in the 401k. He wants to take out 2% from each account before he turns 72, which will cost him a penalty of an extra 1% from the current total pension amount, 2% from the 401k, and 6% from the IRA. What amount will the retiree have in his IRA account if he takes that money out now? Do not include $ in answer. Example, if answer is $7. put 7.
A 68 year old retiree has a pension savings of $40,000, a 401k of $63, 000, and an IRA account of $59,000. Before 2008, he had 2% more cash in the pension, 12% more in the IRA, and 1% more in the 401k. He wants to take out 2% from each account before he turns 72, which will cost him a penalty of an extra 1% from the current total pension amount, 2% from the 401k, and 6% from the IRA. What amount will the retiree have in his IRA account if he takes that money out now? Do not include $ in answer. Example, if answer is $7. put 7.
Chapter7: Systems Of Equations And Inequalities
Section7.2: Systems Of Linear Equations: Three Variables
Problem 64SE: You inherit one hundred thousand dollars. You invest it all in three accounts for one year. The...
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A 68 year old retiree has a pension savings of $40, 000, a 401k of $63, 000, and an IRA account of $59,000. Before 2008,
he had 2% more cash in the pension, 12% more in the IRA, and 1% more in the 401k. He wants to take out 2% from each
account before he turns 72. which will cost him a penalty of an extra 1% from the current total pension amount, 2% from
the 401k, and 6% from the IRA. What amount will the retiree have in his IRA account if he takes that money out now? Do
not include $ in answer. Example, if answer is $7, put 7.
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