Gina has an opportunity to save $260 per month at an APR of 6.35% in a 401K plan through work. She plans to retire in 25 years. The income taxes are at 35% for her. (1) What are Gina's tax savings over the course of her investment? Review your course materials for help with this calculation. (Express your answer rounded correctly to the nearest cent!) $1 Ikyou haven't answered the question correctly in 3 attempts, you can get a hint. Hint: .....
Gina has an opportunity to save $260 per month at an APR of 6.35% in a 401K plan through work. She plans to retire in 25 years. The income taxes are at 35% for her. (1) What are Gina's tax savings over the course of her investment? Review your course materials for help with this calculation. (Express your answer rounded correctly to the nearest cent!) $1 Ikyou haven't answered the question correctly in 3 attempts, you can get a hint. Hint: .....
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter27: Time Value Of Money (compound)
Section: Chapter Questions
Problem 6E
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Transcribed Image Text:Gina has an opportunity to save $260 per month at an APR of 6.35% in a 401K plan through work. She
plans to retire in 25 years. The income taxes are at 35% for her.
(1) What are Gina's tax savings over the course of her investment? Review your course materials for
help with this calculation.
(Express your answer rounded correctly to the nearest cent!)
2$
Ikyou haven't answered the question correctly in 3 attempts, you can get a hint.
Hint:
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