Question
Christy Reed made a $3,500 deposit in her savings account on her 21st birthday, and she has made another $3,500 deposit on every birthday since
Christy Reed made a $3,500 deposit in her savings account on her 21st birthday, and she has made another $3,500 deposit on every birthday since then. Her account earns 6 percent compounded annually.
How much will she have in the account after she makes the deposit on her 32nd birthday?
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
2nd Edition
0521514088, 9780521514088
