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Mathematics, 09.09.2020 03:01 nabeelunique

Bob makes his first $1,500 deposit into an IRA earning 6.8% compounded annually on his 24th birthday and his last $1,500 deposit on his 43rd birthday (20 equal deposits in all). With no additional deposits, the
money in the IRA continues to earn 6.8% interest compounded annually until Bob retires on his 65th
birthday. How much is in the IRA when Bob retires?

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Answers: 2

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Bob makes his first $1,500 deposit into an IRA earning 6.8% compounded annually on his 24th birthday...
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