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Since your 1 st birthday, your grandparents have deposited 1 , 0 0 0 into a savings account with 8 % interest annually. Imeditely after

Since your

1

st birthday, your grandparents have deposited

1, 000

into a savings account with

8 %

interest annually. Imeditely after depositing on your

18

th birthday, what is the amount in the savings account?

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