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PLEASE, SHOW ALL WORK! You just turned 21 and were given a bank statement in your name showing a balance of $18,000. If your grandmother

PLEASE, SHOW ALL WORK!

You just turned 21 and were given a bank statement in your name showing a balance of $18,000. If your grandmother made equal deposits each year on your birthday, how much did she deposit if interest rates are 6%?

If she deposited $3,000 when you were born, and $3,000 when you were 6, how much did she make as a final deposit when you were 12 to end up with $18,000?

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