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