2. Problem 2-03 eBook Problem 2-03 a. Someone in the 15 percent tax bracket can earn 10 percent annually on his investments in a tax-exempt IRA account. What will be the value of a $15,000 investment in 5 years? 10 years? 20 years? You may use Appendix C to answer the questions. Do not round intermediate calculations. Round your answers to the nearest dollar. in 5 years: $ in 10 years: $ in 20 years: $ b. Suppose the preceding 10 percent return is taxable rather than tax-deferred and the taxes are paid annually. What will be the after-tax value of his $15,000 investment after 5, 10, and 20 years? Do not round intermediate calculations. Round your answers to the nearest dollar. in 5 years: $ in 10 years: $ in 20 years: $ TABLE C.3 Future Value of $1 at the End of n Periods: APPENDIX Period 5% 6% 12% 7% 8% 9% 10% 14% 15% 16% 18% 20% 1.0200 1.0100 1.0300 1.0609 1.0400 1.0500 1.0600 1.1600 1.0700 1.0800 1.0900 1.1500 1.1000 1.1200 1.1400 1.1800 1.2000 2 1.0201 1.0404 1.0816 1.1236 1.1664 1.1449 1.2100 1.2544 1.2996 1.3456 1.1025 1.1881 1.3225 1.3924 1.4400 1.0303 1.0406 1.0612 1.1576 1.4049 1.5735 1.0927 1.1910 1.5609 1.6430 1.7280 1.1249 1.2250 1.2597 1.2950 1.3310 1.4815 1.5209 4. 1.1699 1.2155 1.2763 1.2625 1.3605 1.4641 1.6105 1.8106 2.1003 1.0824 1.1255 1.4116 2.0736 1.3108 1.6890 1.7490 1.9388 1.0510 1.1593 1.2167 1.4026 1.4693 1.1041 1.3382 1.9254 2.0114 2.2878 1.5386 1.7623 2.4883 1.0615 1.1262 1.1941 1.2653 1.5869 1.6771 1.7716 2.6996 2.9860 1.3401 1.4185 1.5007 2.4364 1.9738 2.1950 2.3131 1.6058 1.0721 1.4071 14775 1.5036 3.5832 4 2998 1.1487 1.2299 1.3159 2.2107 38:71. 1.8280 1.9487 2.5023 2.6600 2.8262 3.1855 1.0829 1.2668 1.3686 1.4233 1.1717 1.7182 1.9926 2.1436 2.4760 2.8526 1.5938 1.8509 3.0590 3.2784 3.7589 1.0937 1.1046 1.3048 1.3439 1.1951 1.6895 1.5513 1.8385 1.9990 2.7731 4.4355 2.1719 2.3579 3.2519 3.5179 3.8030 5.1598 1.9672 10 1.2190 1.6289 1.4802 1.7908 2.1589 2.3674 2.5937 4.0456 6.1917 3.1058 3.7072 4.4114 5.2338 1.1157 1.2434 1.3842 11 1.5395 1.8983 2.3316 2.8531 6.1759 1.7103 2.1049 2.5804 4.2262 4.6524 5.1173 3.4785 7.4301 12 1.1268 1.2682 1.4258 1.6010 1.7959 2.0122 2.2522 2.5 3.8960 5.9360 7.2876 8.9161 2.8 3.1384 48179 53502 1.2936 13195 1.3459 1.8856 13 1.1381 1.6651 2.7196 3.0658 6.8858 7.9875 9 2655 10.699 1.4685 2.1329 2.4098 3.4523 4.3635 5.4924 6.1528 8.5994 1.1495 2.2609 2.3966 14 1.5126 1.7317 2.5785 6.2613 1.9799 2.9372 3.3417 3.6425 3.7975 4.8871 7.0757 10.147 12.839 1.1610 15 1.5580 5.4736 1.8009 2.0789 2.7590 3.1722 15.407 4.1772 7.1379 8.1371 11.973 16 1.1726 6.1304 6.8660 1.3728 1.6047 2.9522 4.5950 5.0545 14.129 18.488 22.186 1.8730 2.1829 2.5404 3.4259 3.9703 8.1372 9.3576 10.748 17 1.1843 1.4002 1.6528 2.6928 12.467 16.672 1.9479 2.2920 3.1588 4.3276 9.2765 3.7000 10.761 1.1961 18 1.4282 1.7024 2.4066 3.9960 7.6900 12.375 14.231 16.366 2.0258 2.8543 3.3799 5.5599 14.462 19.673 26.623 4.7171 10.575 19 5.1417 5.6044 1.2081 1.4568 1.7535 2.1068 3.6165 3.8697 4.3157 4.6610 6.1159 6.7275 8.6128 9.6463 16.776 19.460 2.5270 3.0256 12.055 31.948 23.214 20 1.2202 1.4859 1.8061 2.1911 2.6533 3.2071 13.743 27.393 38.337 1.2324 2.7860 4.1406 15.667 17.861 20.361 21 1.5157 1.8603 2.2788 3.3996 6.1088 46.005 5.0338 5.4365 7.4002 10.803 22.574 18.821 32.323 1.5460 1.5769 1.6084 1.6406 22 1.2447 1.9161 3.6035 6.6586 2.3699 2.9253 21.644 26.186 30.376 35.236 8.1403 55.206 4.4304 12.100 38.142 23 1.2572 1.9736 2.0328 2.0938 2.4647 3.0715 3.2251 3.3864 7.2579 66.247 3.8197 4.7405 5.8715 8.9543 24.891 45.007 13.552 1.2697 1.2824 2.5633 2.6658 24 79.496 95.396 4.0489 4.2919 5.0724 6.3412 28.625 7.9111 9.8497 15.178 23.212 53.108 25 5.4274 6.8485 8.6231 26.461 10.834 62.668 17.000 32.918 40.874 1.6734 1.7069 2.1566 2.2213 2.2879 2.3566 26 1.2953 3.5557 3.7335 3.9201 4.1161 2.7725 4.5494 5.8074 7.3964 30.166 37.856 9.3992 19.040 114.47 11.918 47.414 73.948 27 1.3082 6.2139 2.8834 4.8223 7.9881 10.245 34.389 43.535 50.065 13.110 21.324 55.000 87.259 137.37 28 1.7410 6.6488 1.3213 2.9987 5.1117 8.6271 11.167 164.84 63.800 102.96 14.421 23.883 39.204 29 1.3345 1.3478 1.7758 3.1187 5.4184 7.1143 7.6123 12.172 15.863 26.749 44.693 9.3173 57.575 121.50 74.008 197.81 30 1.8114 10.062 13.267 66.211 2.4273 3.2434 4.3219 5.7435 17.449 29.959 50.950 237.37 85.849 143.37