Ruben invested $1100 per year in an IRA each year for 9 years earning 6%...
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Ruben invested $1100 per year in an IRA each year for 9 years earning 6% compounded annually. At the end of 9 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 9 years?
b) What was the value of the investment at the end of the next 3 years?
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