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Bob makes his first $ 5 0 0 deposit into an IRA earning 6 . 7 % compounded annually on his 2 4 th birthday

Bob makes his first $ 500 deposit into an IRA earning 6.7% compounded annually on his 24th birthday and his last $ 500 deposit on his 35th birthday (12 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 6.7% interest compounded annually until Bob retires on his 65th birthday. How much is in the IRA when Bob retires?

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