Ruben invested $1900 per year in an IRA each year for 5 years earning 14% compounded annually.

At the end of 5 years he ceased the IRA payments, but continued to invest his accumulated amount at 14% compounded annually for the next 3 years.

a) What was the value of his IRA at the end of 5 years?

Answer = $__________

b) What was the value of the investment at the end of the next 3 years?

Answer = $_________