Question: HW21: Problem 3 Previous Problem Problem List Next Problem (1 point) Bob makes his first $750 deposit into an IRA earning 6% compounded annually on

HW21: Problem 3 Previous Problem Problem List Next Problem (1 point) Bob makes his first $750 deposit into an IRA earning 6% compounded annually on the day he turns 22 and his last 5750 deposit on the day he turns 51 (30 equal deposits in all. With no additional deposits, the money in the IRA continues to earn 6% 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 in a dollar amount, should include a dollar sign, and should be accurate to two decimal places). Preview My Answers Submit Answers

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