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Kai Chang made a $3,800 deposit in her savings account on her 21 st birthday, and she has made another $3,800 deposit on every birthday
Kai Chang made a $3,800 deposit in her savings account on her 21 st birthday, and she has made another $3,800 deposit on every birthday since then. Her account earns 8 percent compounded annually. but calculate your final answer using the formula and financial calculator methods. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
7th Edition
0538877766, 9780538877763
