Someone in the 15 Percent Tax Bracket Can Earn 8

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 five years (assuming annual compounding) ?

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