Question: (4 points) Bob makes his first $750 deposit into an IRA earning 8% compounded annually on the day he turns 26 and his last $750

(4 points) Bob makes his first $750 deposit into an IRA

(4 points) Bob makes his first $750 deposit into an IRA earning 8% compounded annually on the day he turns 26 and his last $750 deposit on the day he turns 42 (17 equal deposits in all.) With no additional deposits, the money in the IRA continues to earn 8% interest compounded annually until Bob retires on his 65th birthday. How much is the IRA worth when Bob retires? Value of the IRA on Bob's 65th birthday: (Note: The answer is a dollar amount, should include a dollar sign, and should be accurate to two decimal places)

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