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Frank Established a Roth IRA at Age 25 and Contributed

question 11

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Frank established a Roth IRA at age 25 and contributed a total of $131,244 to it over 38 years. The account is now worth $376,000. How much of these funds can Frank withdraw tax-free?


Definitions:

Ecosystem

Biological community together with the associated abiotic environment; characterized by a flow of energy and a cycling of inorganic nutrients.

Biologically Adapted

The process by which organisms or species change over time in response to environmental conditions, through alterations in their genetic composition or physical traits.

Omnivores

Organisms that consume both plant and animal matter for their nutritional needs.

Autotrophs

Organisms that produce their own food from inorganic substances, such as light or chemical energy, including plants and some bacteria.

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