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Mohammad has just turned 20 and now has access to the money his parents have been putting away in an account for him since he
Mohammad has just turned 20 and now has access to the money his parents have been putting away in an account for him since he was 5 years old. His mother has asked him to guess what his account is worth given that they have invested $1,500 every year in the account starting on his 5th birthday and have just made one. The interest rate on the account has been 4.5% annually. How much is Mohammad's account worth today? (Enter just the number in dollars without the $ sign or a comma and round off decimals to the closest integer, i.e., rounding $30.49 down to $30 and rounding $30.50 up to $31.)
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