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how do I do this? (1 point) Bob makes his first $1,150 deposit into an IRA eaming 7% compounded annually on the day he turns
how do I do this?
(1 point) Bob makes his first $1,150 deposit into an IRA eaming 7% compounded annually on the day he turns 24 and his last $1,150 deposit on the day he turris 39 (16 equal deposits in all.) With no additional deposits, the money in the IRA continues to earn 7% interest compounded annually until Bob retires on his 65th birthday How much is the IRA worth when Bob retires? Value of the IRA on Bob's 65th birthday: (Note: The answer is a dollar amount, should include a dollar sign, and should be accurate to two decimal places)
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