Problem $18-5$ Calculating an IRA Accumulation $[$LO$18-5]$ When Jamal graduated from college recently, his parents gave him $\backslash (\backslash$$ $1,610\backslash )$ 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$,$ Exhibit $1-$B$,$ Exhibit $1-$C$,$ Exhibit $1-$D$).$ Note: Use appropriate factor$($s$)$ from the tables provided. Round time value factor to $\backslash (\backslash$mathbf$\{3\}\backslash )$ decimal places and answer to $\backslash (\backslash$mathbf$\{2\}\backslash )$ decimal places. IRA balance