A recent college graduate, Steven Garcia, is currently working as the manager of an office supply store. He wants to save money for a down payment on a home in a few years, and he's heard that investing in stocks will help him quickly build his investment portfolio. Steven can invest about $4,300 at the end of each of the next three years, and he thinks he'll need to save $17,000 to $22,000 for the down payment. Steven will hold this money in a taxable account, and his marginal tax rate is 15 percent. (a) Your Answer Correct Answer (Used) If Steven puts the money in a CD earning 4 percent per year, how much will he have accumulated by the end of 5 years after taxes? (Round answer to decimal places, eg. 5,275.) $ 23.013 (b) An investment advisor has suggested that Steven can earn at least 10 percent per year in stocks. If he earns 10 percent, how much will he have accumulated by the end of five years before taxes? (Round answer to decimal places, eg. 5,275.) $ A recent college graduate, Steven Garcia, is currently working as the manager of an office supply store. He wants to save money for a down payment on a home in a few years, and he's heard that investing in stocks will help him quickly build his investment portfolio. Steven can invest about $4,300 at the end of each of the next three years, and he thinks he'll need to save $17,000 to $22,000 for the down payment. Steven will hold this money in a taxable account, and his marginal tax rate is 15 percent. (a) Your Answer Correct Answer (Used) If Steven puts the money in a CD earning 4 percent per year, how much will he have accumulated by the end of 5 years after taxes? (Round answer to decimal places, eg. 5,275.) $ 23.013 (b) An investment advisor has suggested that Steven can earn at least 10 percent per year in stocks. If he earns 10 percent, how much will he have accumulated by the end of five years before taxes? (Round answer to decimal places, eg. 5,275.) $