Question
Uriah Heep celebrated his 18th birthday by opening a savings account at the Thames River Bank and depositing $1900 . He continued to deposit the
Uriah Heep celebrated his 18th birthday by opening a savings account at the Thames River Bank and depositing $1900 . He continued to deposit the same amount on every subsequent birthday until he was 28 years old. After depositing $1,900 on his 28 th birthday Uriah decided to abandon his savings plan. He never saved again, but he left the accumulated savings in the bank account. The bank paid an interest rate of 3.5 %. When Uriah turned 65, he withdrew the money from the bank. What was the amount of his withdrawal? What was the amount of Uriah's withdrawal when he turned 65?
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