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Someone in the 15 Percent Tax Bracket Can Earn 8

Question 60

Multiple Choice

Someone in the 15 percent tax bracket can earn 8 percent annually on his investments in a tax-exempt IRA account.What will be the value of a $10,000 investment after 5 years (assuming annual compounding) ?


A) $ 6,805
B) $14,693
C) $15,528
D) $20,114
E) $50,000

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