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Problem 9 - 2 0 ( Algo ) Future value [ LO 9 - 2 ] Kal Chang made a $ 4 , 2 0
Problem Algo Future value LO
Kal Chang made a $ deposit In her savings account on her st blrthday, and she has made another $ deposit on
every birthday since then. Her account earns percent compounded annually.
How much will she have In the account after she makes the deposit on her nd birthday? Use Appendlx C for an
approximate answer, but calculate your final answer using the formula and financlal calculator methods.
Note: Do not round Intermedlate calculatlons. Round your flnal answer to declmal places.
Answer is complete but not entirely correct.
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