Current Attempt in Progress

Charles and Susan Garfield invested $$8,000$ in a savings account paying $7\%$ annual interest when their daughter, Angela, was born. They also deposited $$1,000$ on each of her birthdays until she was $18($including her $18$ th birthday$).$

Click here to view the factor table.

$($For calculation purposes, use $5$ decimal places as displayed in the factor table provided.$)$

How much was in the savings account on her $18$th birthday $($after the last deposit$)?($Round answer to $2$ decimal places, e$.$g$.25\mathrm{.}25.)$

Amount on $18$th birthday $

eTextbook and Media

Attempts: $0$ of $5$ used