Bob makes his first $1,050 deposit into an IRA earning 7.5% compounded annually on the day...

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Bob makes his first $1,050 deposit into an IRA earning 7.5% compounded annually on the day he turns 27 and his last $1,050 deposit on the day he turns 51 (25 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 7.5% 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: $ Bob makes his first $1,050 deposit into an IRA earning 7.5% compounded annually on the day he turns 27 and his last $1,050 deposit on the day he turns 51 (25 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 7.5% 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: $