Bob makes his first $1,600 deposit into an IRA earning 7.3% compounded annually on his 24th birthday and his last
$1,600 deposit on his 43rd birthday (20 equal
deposits in all). With no additional deposits, the money in the IRA
continues to earn 7.3% interest
compounded annually until Bob retires on his 65th 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.)