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(6 points) Ruben invested $1200 per year in an IRA each year for 8 years earning 6% compounded annually. At the end of 8 years

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(6 points) Ruben invested $1200 per year in an IRA each year for 8 years earning 6% compounded annually. At the end of 8 years he ceased the IRA payments, but continued to invest his accumulated amount at 6% compounded annually for the next 3 years a) What was the value of his IRA at the end of 8 years? Answers b) What was the value of the investment at the end of the next 3 years? Answer = $

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