Question

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. What was the value of the Ira at the end of 12 years?

Answer 1

@Kakarot

Answer 2

@Elsa213