How much is in the ira, How much is in the IRA when Bob

How much is in the ira

Reference no: EM131947223

Question: Bob makes his first $600 deposit into an IRA earning 8.2% compounded annually on his 24th birthday and his last $600 deport on his 38th birthday (15 equal deposit, in all) With no additional deposits. the money in the IRA continues to earn 8.2% interest compound annually until Bob retires on his 66th birthday. 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)

Reference no: EM131947223

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