Lee started making contributions to a Traditional IRA when he got his first job, at age 28. His contributions averaged $2,900 annually. Lee was in the 30% tax bracket during his working years, when he continued to make these annual contributions. The average annual rate of return on the account was 5.7%. Upon retirement at age 71, Lee stopped working and making IRA contributions. Instead, he started living on withdrawals from the retirement account. At this point, Lee dropped into the 20% tax bracket. Factoring in taxes, what is the effective value of Lee's Traditional IRA at retirement? Assume annual compounding

Lee started making contributions to a Traditional IRA when he got his first job, at age 28. His contributions averaged $2,900 annually. Lee was in the 30% tax bracket during his working years, when he continued to make these annual contributions. The average annual rate of return on the account was 5.7%. Upon retirement at age 71, Lee stopped working and making IRA contributions. Instead, he started living on withdrawals from the retirement account. At this point, Lee dropped into the 20% tax bracket. Factoring in taxes, what is the effective value of Lee's Traditional IRA at retirement? Assume annual compounding

the formula of a slope:

from a table we have

substitute:

the slope of f(x) is -1.

the graph of funcfion g(x) is a horizontal line. the slope of a horizontal line is equal 0. therefore the slope of g(x) is 0.

-1 < 0

let's solve your equation step-by-step.

24−3x=−27

step 1: simplify both sides of the equation.

24−3x=−27

24+−3x=−27

−3x+24=−27

step 2: subtract 24 from both sides.

−3x+24−24=−27−24

−3x=−51

step 3: divide both sides by -3.

−3x

−3

=

−51

−3

x=17

answer:

x=17

step-by-step explanation:

mark brainliest and have a great day!