Ruben invested $1900 per year in an IRA each year for 7 years earning 14% compounded annually. At the end of 7 years he ceased the IRA payments, but continued to invest his accumulated amount at 14% compounded annually for the next 4 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 4 years?

Answer = $