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Samuel R.

asked • 07/15/17

ira retirement account

Ruben invested $1400 per year in an IRA each year for 8 years earning 10% compounded annually.
At the end of 8 years he ceased the IRA payments, but continued to invest his accumulated amount at 10% compounded annually for the next 9 years.
a) What was the value of his IRA at the end of 8 years?b) What was the value of the investment at the end of the next 9 years?
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2 Answers By Expert Tutors


Walter B. answered • 07/15/17

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Kenneth S. answered • 07/15/17

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