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Uncle Michael put money into an account for you when you were born. The account has returned (and will continue to return) 7% per year

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Uncle Michael put money into an account for you when you were born. The account has returned (and will continue to return) 7% per year and on your 18th birthday, it was worth $4,717.12. If you put this money into a retirement account and do not touch it until retirement - your 67th birthday -- the account balance is closest to: a. $45,000 b. $85,000 c. $65,000 d. $55,000 e. $75,000 Next page

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