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Andrew and Emma Garfield invested $7,000 in a savings account paying 6% annual interest when their daughter, Angela, was born. They also deposited $1,000 on
Andrew and Emma Garfield invested $7,000 in a savings account paying 6% annual interest when their daughter, Angela, was born. They also deposited $1,000 on each of her birthdays until she was 17 (including her 17th birthday). (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much was in the savings account on her 17th birthday (after the last deposit)? (Round answer to 2 decimal places, e.g. 25.25.)
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