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Since your first birthday, your grandparents have been depositing $1000 into a savings account on every one of your birthdays. The account pays 5% interest
Since your first birthday, your grandparents have been depositing $1000 into a savings account on every one of your birthdays. The account pays 5% interest annually. Immediately after your grandparents make the deposit on your 18th birthday, the amount of money in your savings account will be closest to:
A; $16,879.43
B: $39,385.33
C: $33,758.86
D: $28,132.38
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