How much is in the ira when bob retires the amount in the


Question: Bob makes his first $600 deposit into an IRA earning 8.2% compounded annually on his 24th birthday and his last $600 deport on his 38th birthday (15 equal deposit, in all) With no additional deposits. the money in the IRA continues to earn 8.2% interest compound annually until Bob retires on his 66th birthday. How much is in the IRA when Bob retires? The amount in the IRA when Bob retires is $ _. (Round to the nearest cent as needed)

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: How much is in the ira when bob retires the amount in the
Reference No:- TGS02741697

Expected delivery within 24 Hours