1. Someone in the 36 percent tax bracket can earn 9 percent annually on her investments in a tax-exempt IRA account. What will be the value of a one-time $14,000 investment in 5 years? 10 years? 20 years? You may useAppendix Cto answer the questions. Do not round intermediate calculations. Round your answers to the nearest dollar.
2. in 5 years: $
3. in 10 years: $
4. in 20 years: $
5. Suppose the preceding 9 percent return is taxable rather than tax-deferred and the taxes are paid annually. What will be the after-tax value of her $14,000 investment after 5, 10, and 20 years? Do not round intermediate calculations. Round your answers to the nearest dollar.
6. in 5 years: $
7. in 10 years: $
8. in 20 years: $