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Previous Problem Problem List Next Problem (1 point) Ruben invested $1800 per year in an IRA each year for 7 years earning 13% compounded annually.

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Previous Problem Problem List Next Problem (1 point) Ruben invested $1800 per year in an IRA each year for 7 years earning 13% compounded annually. At the end of 7 years he ceased the IRA payments, but continued to invest his accumulated amount at 13% compounded annually for the next 8 years. a) What was the value of his IRA at the end of 7 years? Answer $ b) What was the value of the investment at the end of the next 8 years? Answer $ Note: You can earn partial credit on this problem. Preview My Answers Submit Answers

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