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please answer both parts a. Someone in the 36 percent tax bracket can earn 8 percent annually on her investments in a tax-exempt ira account.
please answer both parts
a. Someone in the 36 percent tax bracket can earn 8 percent annually on her investments in a tax-exempt ira account. What will be the real value of a one-time $19,000 investment in 5 years? 10 years? 20 years? Assume that the rate of inflation during all these periods was 2 percent a year. 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: 5 in 20 yearsi 5 b. Someane in the 15 percent tax bracket can earn 14 percent annuslly on his investments in a tax-exempt ith account. What will be the real value of a one-time $19,000 investment in 5 years? 10 years? 20 years? Assume that the rate of inflation during all these periods nas 2 percent a year, You may use Appendir C to answer the questions. Do not round intermediate calculations. Hound your answers to the nearest dollar. in 5 yearst $ in 10 vears: 3 in 20 yearsi 3 Step by Step Solution
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