(1 point) Bob makes his first $900 deposit into an IRA earning 7.5% compounded annually on the day he turns 24 and his last $900 deposit on the day he turns 44 (21 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 7.5% interest compounded annually until Bob retires on his 65th birthday. How much is the IRA worth when Bob retires? Value of the IRA on Bob's 65th birthday: $