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1) Little Calvin is five years old. His grandfather just gave him a big bucket full of coins that his grandfather had saved his entire
1) Little Calvin is five years old. His grandfather just gave him a big bucket full of coins that his grandfather had saved his entire life. Calvin rolled them up and had his mother deposit them for a total of $3,650 to his newly opened bank account. If Calvin keeps this in his savings until he turns 60 and saves at a rate of 4.05% compounded per week, how much will Calvin have in his savings at his retirement? a) $45,324 b) $33,830 c) $29,473 d) $41,995 e) $35,563
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