Christy Reed made a $2,000 deposit in her savings account on her 21st birthday, and she has

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Christy Reed made a $2,000 deposit in her savings account on her 21st birthday, and she has made another $2,000 deposit on every birthday since then. Her account earns 7 percent compounded annually. How much will she have in her account after she makes the deposit on her 32nd birthday?

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Foundations of Financial Management

ISBN: 978-1259277160

16th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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