Bob makes his first $1,050 deposit into an IRA eaming 6.5% compounded annually on the day he tuns 23 and his last S1,050 depoait on the day he turns 46 (24 equal deposits in al) With no additional...

Extracted text: Bob makes his first $1,050 deposit into an IRA eaming 6.5% compounded annually on the day he tuns 23 and his last S1,050 depoait on the day he turns 46 (24 equal deposits in al) With no additional deposits, the money in the IRA continues to earn 6.5% 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 in a dolar amount, should include a dollar sign, and should be accurate to two decimal places).