You would like to have $600,000 in 44 years by making a. Determine the deposit...
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You would like to have $600,000 in 44 years by making a. Determine the deposit at the end of each regular deposits at the end of each month in an annuity month. that pays 8% compounded monthly. The table below shows the 2021 marginal tax rates, standard deduction, In order to have $600,000 in 44 years, you and exemptions for a single person. Complete parts (a) should deposit $ each month. through (c). (Round up to the nearest dollar.) b. Assume that the annuity in part (a) is a tax-deferred IRA belonging to a man whose gross income is $45,000. Use the table on the left to calculate his taxes first with and then without the IRA. Assume the man is single with no dependents, has no tax credits, and takes the standard deduction. The income tax with the IRA is $ (Use the answer from part (a) to find this Click the icon to view some finance formulas. answer. Round up to the nearest cent as needed.)
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