HW21: Problem 1 Previous Problem Problem List Next Problem (1 point) Bob makes his first $800 deposit into an IRA earning 7% compounded annually on the day he turns 28 and his last $800 deposit on the day he turns 53 (26 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 7% interest compounded annually until Bob ret mes on his 65th birthday. How much is the IRA worth when Bob retires? Value of the IRA on Bob's 65th birthday: $ Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining. Email instructor