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Bob makes his first $ 8 0 0 $ 8 0 0 deposit into an IRA earning 7 7 % compounded annually on the day

Bob makes his first $800$800 deposit into an IRA earning 77% compounded annually on the day he turns 23 and his last $800$800 deposit on the day he turns 44(22 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 77% 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: $

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