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1 Bob makes his first $800 deposit into an IRA earning 7.2% compounded annually on his 24th birthday and his last $800 deposit on his

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1 Bob makes his first $800 deposit into an IRA earning 7.2% compounded annually on his 24th birthday and his last $800 deposit on his 35th birthday (12 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 7.2% interest compounded annually until Bob retiros on his 65th birthday. How much is in the IRA when Bob retires? The amount in the IRA when Bob retiros in s (Round to the nearest cent as needed.) 1.7 3 23 2 : SHA

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