When Jamal graduated from college recently, his parents gave him $1,980 and told him to use it wisely. Jamal decided to use the money to start a retirement account. After doing some research about different options, he put the entire amount into a tax-deferred IRA that pays 14 percent interest, compounded annually. Calculate how much money Jamal will have in his IRA at the end of 10 years, assuming that the interest rate remains the same and that he does not deposit any additional money. Use Exhibit 1-A (Round time value factor to 3 decimal places and answer to 2 decimal places.) IRA balance 4 DOS 40 TA ALE OK WHERE 2015 2 1000 LERAT 02 THE JE lers HE REE THIS TOD WARE TOTO RADE 1 S LE CARGO TO 06 LE TO 15 14 9 SEES 70 40 w SIN (05 TOS AS VI OS OR VOC 10 3.10 DEI 2.046 GRE VES CON COS COOTER USE LAS TTOOS 7 351 ST RE RE 16 2012 THE IN STE LIKE 00 200 19 1 600 10 PEST 1.74 16 HE INC MORE VE OR OUT 100 1 OZEL OC 1410 Period ONIT NE MS WEB CO LE 09 50 00 CE S14E22200 SEP 102280 40 70 CITI 31.40 LE 6501 NE WS CES KE 170 ToF 192 RES 2666 3 1548 2004 KE 25 20 10 ICO loors CE 095 CS NET SE CH ANA 19 LE 21071 300 31 2516 ORT US TO 9L CORT PO 14001 1 ORG DO 2003 169 165 1.123 16 1911 ORS NE 19 CAL LORT CEL 2.079 5703 SESE OICE 14 DIE NE WS OME 999 1/407 RE NO 16 1.00 TS 1.121 LIO CUT SOC II CE BAYE VE DET IL 2105 23750 SERE 1270 16 10 21591 190 ON ICE 611 1.105 100 SET 6 BSSE ET L CH M OL 1851 TIL 1.00 Wort 26 1203 120 It 1:12 1149 1128 ODICE IS OME 16 LOSE 14071 1.340 12201 SIR 1205 1212 1.0721 10 1050 1.041 LYT 1403 VOTT CHOT 1.19 5 4 PICT 12700 OT 13 09 ARE 1.003 1156 .1 C 1145 21 1124 BASE KECE OT MIL 1.0/0 1166 100 CUORE OVORE 1061 1 do 1.020 24 TOR 990/1 OSOT 11 ORO E KE 100 10% OTOT V 8% Period 2011 S 2 25 500 12 TU ODO 10.30 HE SODE MEDS MORE WA ACE CORO SCORTIT 95 0906 WWE 1989 OGROLL 000 RE 91 GRO CERE GICOT PE 2009 OCNE 6610 act 10.10217050 Issko 2000 GEOMETRE RA GE COM 2012 FEE 16 ME DOO 20 T20221 13. To TAD 1 110 TO 701 104 2000 21 EX2407 22 29 . CC 12 300 3.93 2006 Josos E 22 DOW 452 92 WE 5 4.50 OT 560 051 SOS OS 53950 COLORS STS SODE SOC ESCOLA TRON Inco 26 221 12 0992 CICE TO 1974 ET leosa COCO IS JE CLASSE AVAL OOCH SHE LOL! SELECCIONADA 1503 1:50 OL MI CE ICA OD LLO or NO LE w DOU SOS LOOXO . SEY 1200 150 LAO TA 10.210 11.16 700 9 1002 1760 149 OP TA PECE 90.000 CZ WS ORIC CEJ SHEE 30 SOMOS 640 62 06 STU DEC JERORE 522 1870 1202 CZ 2666 2719 TE 2010 1.000 JOCEL 0.110203 MORE 1920 HOEK MO OVE MS AY! 1200 6 Pse 22654 1430 5093 OS 105 ORG 00 CO 2222 1040 3210 2052 VENT 3.50 11202 103 1.6051 1.550 OOT RICE JE 405 5 O RE 2079 1161 16 15 14 SZ BAC SDXC 1943 1319 290 0 1.850 CE SOR SER 22510 OTT KLE COZ UT 1.00 12 2 103 1203 WE USE 22500 26 21721 TGZ MUSIC 100 GEGE SOLL TO 1.900 BIL COOL CHE CAL LOOPT ICE CEST 6291 GOVE RE QUE 0651 OUT DEL 1851 KALOG CE OCT O ORA KLI CHE ST ROOT COL 1001 OOT OCO SE 1./ 10 ZEE 100 1.000 14021 ZOT 12 11 SE LOSE 1419 BORG DO TOAT USE 09 LEGE DO 11 1.41 1.25 1.230 1194 1150 1.7491 1120 1.104 7 0 5 1100 17051 1403 CADIL OL CE OZ SZZ 2011 1115 1001 COT CORT OZOFT OLOT OTT lott 1000L 1.000 0% 110 1.156 1.061 1.105 1.040 1.000 1.040 Period Exhibit 1A Future value (compounded sum) of $1 after a given number of time periods OZOT 20 TS (