What was the value of bills ira at the end of 20 years

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Reference no: EM13329438

Bill makes annual deposits of $1900 to an an IRA earning 8% compounded annually for 20 years. At the end of the 20 years Bill retires.
a) What was the value of his IRA at the end of 20 years?
b) What is the largest amount Bill may withdraw annually for the next 19 years at 8 % compounded annually?

Reference no: EM13329438

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