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Bob makes his first $ 600 deposit into an IRA earning 7.1% compounded annually on his...

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Advance Math

Bob makes his first $ 600 deposit into an IRA earning 7.1%compounded annually on his 24th birthday and his last $600 depositon his 43rd birthday ?(2020 equal deposits in? all). With noadditional? deposits, the money in the IRA continues to earn 7.1 %interest compounded annually until Bob retires on his 65thbirthday. How much is in the IRA when Bob? retires?

The amount in the IRA when Bob retires is

?(Round to the nearest cent as? needed.)

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