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54. Someone in the 15 percent tax bracket can earn 8 percent annually on his investments in a tax-exempt IRA account. What will be the
54. Someone in the 15 percent tax bracket can earn 8 percent annually on his investments in a tax-exempt IRA account. What will be the value of a $10,000 investment after five years (assuming annual compounding)?
a. $6,805
b. $14,693
c. $15,528
d. $20,114
e. $50,000
ANSWER: B
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