Question: ( 1 point ) Bob makes his first $ 1 , 2 0 0 deposit into an IRA earning 7 % compounded annually on the

(1 point)
Bob makes his first $1,200 deposit into an IRA earning 7% compounded annually on the day he and his last $1,200 deposit on the day he turns 35(8 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 7% interest compounded annually until Bob retires on his 65 th birthday. How much is the IRA worth when Bob retires?
Value of the IRA on Bob's 65th birthday: $
(1 point) Bob makes his first $1,200 deposit into an IRA

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