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Computing the additional deposits

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Bob makes his first $700 deposit into an IRA earning 6.9% compounded annually on his 24th birthday and his last $700 deposit on his 44th birthday (21 equal deposits in all). With on additional deposits, the money in the IRA continues to earn 6.9% interest compounded annually Bob retires on his 65th birthday. How much is in the IRA when Bob retires?

Reference no: EM131247297

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