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Bob makes his first $ 8 5 0 deposit into an IRA earning 8 % compounded annually on the day he turns 2 2 and

Bob makes his first $850 deposit into an IRA earning 8% compounded annually on the day he turns 22 and his last $850 deposit on the day he turns 41(20 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 8% interest compounded annually until Bob retires on his 65 th birthday. How much is the IRA worth when Bob retires?
Value of the IRA on Bob's 65th birthday: $
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