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38a. Stephanie invested $2000 per year in an IRA each year for 10 years. The interest rate was 7% compounded annually. At the end of

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38a. Stephanie invested $2000 per year in an IRA each year for 10 years. The interest rate was 7% compounded annually. At the end of 10 years, she ceased the IRA payments but left the total of her investments at 7% compounded annually for the next 25 years. (i) What was the value of her IRA investments at the end of 10 years? (i) What was the value of her investment at the end of the next 25 years? Stephanie's friend, Roy, started his IRA investments the tenth year and invested $2000 each year for the next 25 years at 7% compounded annually, what was the value of his investment at the end of the 25 years? b

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