Tax-Deferred Annuities Kate is in the 29% bracket and has $24,000 available for investment during her current tax year. Assume that she remains in the same tax bracket over the next 10 years, and determine the accumulated amount (in dollars) of her investment after taxes if she puts the $24,000 into the following. (Round your answers to two decimal places.) (a) Tax-deferred annuity that pays 7%/year, tax deferred for 10 years. (b) Taxable instrument that pays 7%/year for 10 years. (Hint: In this case, the yield is 4.97%/year.) $ Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.) P= $2100, r = 7%, t = 10, compounded semiannually A = $ 4178 x Need Help? Read It Talk to a Tutor Submit Answer 2.21/0.43 Points] DETAILS PREVIOUS ANSWERS TANAPCALCBR10 5.3.005. NOTES ASK YOUR TEACHER PRACTICE ANOTHER Find the effective rate corresponding to the given nominal rate. (Round your answers to three decimal places.) (a) 8%/year compounded semiannually 8.160 % (b) 7%/year compounded quarterly 7.18 X %