Solution-What was the value of his ira at the end of 6 years

What was the value of his ira at the end of 6 years

Reference no: EM132509639

Ruben invested $1500 per year in an IRA each year for 6 years earning 14% compounded annually. At the end of 6 years he ceased the IRA payments, but continued to invest his accumulated amount at 14% compounded annually for the next 7 years.

a) What was the value of his IRA at the end of 6 years?

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

Reference no: EM132509639

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What was the value of his ira at the end of 6 years

Reference no: EM132509639

Reference no: EM132509639

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