Question: Previous Problem (1 point) Problem List Next Problem Bill makes annual deposits of $1800 to an IRA earning 6% compounded annually for 14 years.

Previous Problem (1 point) Problem List Next Problem Bill makes annual deposits

Previous Problem (1 point) Problem List Next Problem Bill makes annual deposits of $1800 to an IRA earning 6% compounded annually for 14 years. At the end of the 14 years Bill retires. a) What was the value of Bill's IRA at the end of 14 years? Value of IRA = $ b) What is the largest amount Bill may withdraw annually for the next 25 years at 6% compounded annually? Payment = $ Note: You can earn partial credit on this problem.

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