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Bob makes his first $ 1 , 5 0 0 deposit into an IRA earning 6 . 6 % compounded annually on his 2 4

Bob makes his first $1,500 deposit into an IRA earning 6.6% compounded annually on his 24th birthday and his last $1,500 deposit on his 36th birthday (13 equal deposits in all). Bob then stops making deposits. With no additional deposits, the money in the IRA continues to earn 6.6% interest compounded annually for an additional 29 years until Bob retires on his 65th birthday. How much is in the IRA when Bob retires?

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