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Hi! can someone help me answer this question? Brief Exercise G-5 X Your answer is incorrect. Try again. Andrew and Emma Garfield invested $7,600 in
Hi! can someone help me answer this question?
Brief Exercise G-5 X Your answer is incorrect. Try again. Andrew and Emma Garfield invested $7,600 in a savings account paying 4% annual interest when their daughter, Angela, was born. They also deposited $1,200 on each of her birthdays until she was 17 (including her 17th 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 17th birthday (after the last deposit)? (Round answer to 2 decimal places, e.g. 25.25.) Amount on 17th birthday 45,578.45Step by Step Solution
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