Question: Bob makes his first $ 2 , 0 0 0 deposit into an IRA earning 6 . 9 % compounded annually on his 2 4

Bob makes his first $2,000 deposit into an IRA earning 6.9% compounded annually on his 24th birthday and his last $2,000 deposit on his 42nd birthday (19 equal deposits inall). With no additionaldeposits, the money in the IRA continues to earn 6.9% interest compounded annually until Bob retires on his 65th birthday. How much is in the IRA when Bobretires?

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