Business, 16.11.2019 03:31 libbymcvay

Bob makes his first $ 800 deposit into an ira earning 7.4 % compounded annually on his 24th birthday and his last $ 800 deposit on his 39th birthday (16 equal deposits in all). with no additional deposits, the money in the ira continues to earn 7.4 % interest compounded annually until bob retires on his 65th birthday. how much is in the ira when bob retires?

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Bob makes his first $ 800 deposit into an ira earning 7.4 % compounded annually on his 24th birthday...

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