Question: Bob makes his first $ 9 0 0 deposit into an IRA earning 7 . 8 % compounded annually on his 2 4 2 4

Bob makes his first $900 deposit into an IRA earning 7.8% compounded annually on his 2424th birthday and his last $900 deposit on his 41stst birthday (18 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 7.8% interest compounded annually until Bob retires on his 65th birthday. How much is in the IRA when Bob retire

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