What was the value of his ira at the end of 10 years

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Ruben invested $1400 per year in an IRA each year for 10 years earning 4% compounded annually. 

At the end of 10 years he ceased the IRA payments, but continued to invest his accumulated amount at 4% compounded annually for the next 7 years. 

a) What was the value of his IRA at the end of 10 years? 

Answer = $  

b) What was the value of the investment at the end of the next 7 years? 

Answer = $

Reference no: EM131725698

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