Solve and explain step by step. Hand written

1. Meagan invests $1,200 each year in an IRA for 12 years in an account that earned 5% compounded annually. At the end of 12 years, she stopped making payments to the account, but continued to invest her accumulated amount at 5% compounded annually for the next 11 years. a. [3 pts] What was the value of the IRA at the end of 12 years? (Grade breakdown: 1 for correct formula; 1 for plugging in; .5 answer;.5 for reasoning) Replace the italicized words with your image of the solution, answer and explanation. (for question la only) b. [2 pts] What was the value of the investment at the end of the next 11 years? (Grade breakdown: .5 for correct formula; .5 for plugging in; .5 answer; .5 for reasoning) Replace the italicized words with your image of the solution, answer and explanation. (for question 1b only) 2. Suppose Miss Roxanne Davenport is 25 years old right now and puts away $1,800 per quarter in an account that returns 6% interest. a. [3 pts) How much will be in the account when she turns 65? (Grade breakdown: 1 for correct formula; 1 for plugging in; .5 answer; .5 for reasoning) Replace the italicized words with your image of the solution, answer and explanation. (for question 2a only) b. [1 pt] What is her total contribution to the account? (Grade breakdown: .25 for work; .25 answer; .5 for reasoning) Replace the italicized words with your image of the solution, answer and explanation. (for question 2b only) c. [1 pt] How much interest did she earn? (Grade breakdown: .25 for work; .25 answer; .5 for reasoning)