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Christy Reed made a $2,200 deposit in her savings account on her 21st birthday, and she has made another $2,200 deposit on every birthday since
Christy Reed made a $2,200 deposit in her savings account on her 21st birthday, and she has made another $2,200 deposit on every birthday since then. Her account earns 9 percent compounded annually. How much will she have in the account after she makes the deposit on her 32nd birthday? Use Appendix C for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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