Problem 2-03 a. Someone in the 15 percent tax bracket can earn 14 percent annually on his investments in a tax-exermpt IRA account. What will be the value of a $12,000 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 14 percent return is taxable rather than tax-deferred and the taxes are paid annually. What will be the after-tax value of his $12,000 investment after 5, 10, and 20 years? Do not round intermediate calculations. Round your answers to the nearest dollar in 5 years:$ in 10 years: $ in 20 years: $