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Sharon On Sharon's first birthday, her parents deposited $7,000 into a savings account that earns a feed rate of 4.00% and compounds interest annually. By
Sharon On Sharon's first birthday, her parents deposited $7,000 into a savings account that earns a feed rate of 4.00% and compounds interest annually. By Sharon's 20th birthday, her account will have accumulated (Hint: Round your answer to the nearest cent.) What If Scenario If Sharon's parents had waited until her 10th birthday to make their initial deposit of $7,000 into the same account, by Sharon's 20th birthday, the balance would have been (Hint: Round your answer to the nearest cent.)
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