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Bob makes his first $1,000 deposit into an IRA earning 6.6% compounded annually on his 24 th birthday and his last $1,000 deposit on his

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Bob makes his first $1,000 deposit into an IRA earning 6.6% compounded annually on his 24 th birthday and his last $1,000 deposit on his 42 nd birthday (19 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 6.6% interest compounded annually until Bob retires on his 65 th 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.)

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