Question: webwork / ma162-su20-golenbiewski/hw21/3 HW21: Problem 3 Previous Problem Problem List Next Problem (1 point) Bob makes his first $900 deposit into an IRA earning 6.5%

 webwork / ma162-su20-golenbiewski/hw21/3 HW21: Problem 3 Previous Problem Problem List Next

webwork / ma162-su20-golenbiewski/hw21/3 HW21: Problem 3 Previous Problem Problem List Next Problem (1 point) Bob makes his first $900 deposit into an IRA earning 6.5% compounded annually on the day he turns 23 and his last $900 deposit on the day he turns 49 (27 equal deposits in all. With no additional deposits, the money in the IRA continues to earn 6.5 % 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: (Note: The answer is a dollar amount, should include a dollar sign, and should be accurate to two decimal places). Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining. Email instructor

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