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This is all the info i am given, just this table. Problem 2-04 a. Someone in the 36 percent tax bracket can earn 7 percent

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This is all the info i am given, just this table.

Problem 2-04 a. Someone in the 36 percent tax bracket can earn 7 percent annually on her investments in a tax-exempt IRA account. What will be the real value of a one-time $12,000 investment in 5 years? 10 years? 20 years? Assume that the rate of inflation during all these periods was 3 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: $ in 20 years: $ b. 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 $12,000 investment in 5 years? 10 years? 20 years? Assume that the rate of inflation during all these periods was 3 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: $ in 20 years: $ TABLE C.3 APPENDIX C Future Value of $1 at the End of n Periods: Period 2% 7% 8% 9% 10% 12% 15% 16% 18% 20% 1 2. 3 4 5 1.0100 1.0201 1.0303 1.0406 1.0510 1.0200 1.0404 1.0612 1.0824 1.1041 1.0300 1.0609 1.0927 1.1255 1.1593 1.0400 1.0816 1.1249 1.1699 1.2167 1.0500 1.1025 1.1576 1.2155 1.2763 1.0600 1.1236 1.1910 1.2625 1.3382 1.0700 1.1449 1.2250 1.3108 1.4026 1.0800 1.1664 1.2597 1.3605 1.4693 1.0900 1.1881 1.2950 1.4116 1.5386 1.1000 1.2100 1 3310 1.4641 1.6105 1.1200 1.2544 1.4049 15735 1.7623 1.1400 1.2996 1.4815 1.6890 1.9254 1.1500 1.3225 1.5209 1.7490 20114 1.1600 1.3456 1.5609 1.8106 2.1003 1.1800 1.3924 1.6430 1.9388 2 2878 1.2000 1.4400 1.7280 2.0736 2.4893 6 7 8 9 10 1.0615 1.0721 1.0829 1.0937 1.1046 1.1262 1.1487 1.1717 1.1951 1.2190 1.1941 1.2299 1.2668 1.3048 1.3439 1.2653 1.3159 1.3686 1.4233 1.4802 1.3401 1.4071 1.4775 1.5513 1.6289 1.4185 1.5036 1.5938 1.6895 1.7908 1.5007 1.6058 1.7182 1.8385 1.9672 1.5869 1.7138 1.8509 1.9990 2.1589 1.6771 1.8280 1.9926 2.1719 2.3674 1.7716 1.9487 2.1436 2.3579 2.5937 1.9738 2 2107 2.4760 2.7731 3.1058 2.1950 2.5023 2.8526 3.2519 3.7072 2 3131 2.6600 3.0590 3.5179 40456 24364 2.8262 3.2784 3 8030 26996 3.1855 3.7589 1.4355 5.2338 2.9860 3.5832 4.2998 5.1598 6.1917 12 13 14 15 1.1157 1.1268 1.1381 1.1495 1.1610 1 2434 12682 1 2936 1.3195 1.3459 1.3842 1.4258 1.4685 1.5126 1.5580 1.5395 1.6010 1.6651 1.7317 1.8009 1.7103 1.7959 1.8856 1.9799 2.0789 1.8983 2.0122 2.1329 2.2609 2.3966 2.1049 2.2522 2.4098 2.5785 2.7590 2.3316 2.5 2.7196 2.9372 3.1722 2.5804 2.E 3.0658 3.3417 3.6425 2.8531 3.1384 3.4523 3.7975 4.1772 3.4785 3.8960 4.3635 4.8871 5.4736 4.2262 4.6524 48179 53502 5.4924 6.1528 6.2613 70757 7.13798.1371 5.1173 5.9360 6.8858 7.9875 9 2655 6.1759 7.2876 8.5994 10.147 11 973 7.4301 8.9161 10.699 12.839 15.407 16 17 18 19 20 1.1726 1.1843 1.1961 1.2001 1.2202 1.3728 1.4002 1.4282 1.4568 1.4859 1.6047 1.6528 1.7024 1.7535 1.8061 1.8730 1.9479 2.0258 2.1068 2.1911 2. 1829 2.2920 2.4066 2.5270 2.6533 2.5404 2.6928 2.8543 3.0256 3.2071 2.9522 3.1588 3.3799 3.6165 3.8697 3.4259 3.7000 3.9960 4.3157 4.6610 3.9703 4.3276 4.7171 5.1417 5.6044 4.5950 5.0545 5.5599 6.1159 6.7275 6.1304 6.8660 7.6900 8.6128 9.6463 8.1372 9 3576 9.2765 10. 761 10.575 12.375 12.055 14.231 13.743 16 366 10.748 12.467 14.462 16.776 19.460 14.129 16.672 19.673 23.214 27.393 18.488 22.186 26.623 31.948 38.337 21 22 23 24 25 1.2324 1.2447 1.2572 1.2697 1.2824 1.5157 15460 1.5769 1.6084 1.6406 1.8603 19161 1.9736 2.0328 2.0938 2.2788 2.3699 2.4647 2.5633 2.6658 2.7860 2.9253 3.0715 3.2251 3.3864 3.3996 3.6035 3.8197 4.0489 4.2919 4.1406 4.4304 4.7405 5.0724 5.4274 5.0338 5.4365 5.8715 6.3412 6.8485 6.1088 6.6586 7.2579 7.9111 8.6231 7.4002 8.1403 8.9543 9.8497 10.834 10.803 12.100 13.552 15.178 17.000 15.667 17.861 20 361 23.212 26.461 18.821 21.644 24.891 28.625 32.918 22.574 26.186 30.376 35 236 40.874 32.323 38.142 45.007 53.108 62.668 46.005 55.206 66.247 79.496 95.396 26 27 28 29 30 1.2953 1.3082 1.3213 1.3345 1.3478 1.6734 1.7069 1.7410 1.7758 1.8114 2.1566 2.2213 2.2879 2.3566 2.4273 2.7725 2.8834 2.9987 3.1187 3.2434 3.5557 3.7335 3.9201 4.1161 4.3219 4.5494 4.8223 5.1117 5.4184 5.7435 5.8074 6.2139 6.6488 7.1143 7.6123 7.3964 7.9881 8.6271 9.3173 10.062 9.3992 10 245 11.167 12.172 13.267 11.918 13.110 14.421 15.863 17.449 19.040 21.324 23.883 26.749 29.959 30.166 34.389 39.204 44.693 50.950 37.856 43.535 50.065 57.575 66.211 47.414 55.000 63.800 74.008 85.849 73.948 87.259 102.96 121.50 143 37 114.47 137.37 164.84 197.81 237.37

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