Someone in the 15 percent tax bracket can earn 12 percent annually on his investments in a tax-exempt IRA account. What will be the real value of a one-time $13,000 investment in 5 years? 10 years? 20 years? Assume that the rate of inflation during all these periods was 5 percent a year.

Do not round intermediate calculations. Round your answers to the nearest dollar.

in 5 years: $

in 10 years: $

in 20 years: $