Question
Uriah Heep celebrated his 18th birthday by opening a savings account at the Thames River Bank and depositing $ 1,700 . He continued to deposit
Uriah Heep celebrated his 18th birthday by opening a savings account at the Thames River Bank and depositing $1,700. He continued to deposit the same amount on every subsequent birthday until he was 27 years old. After depositing $1,700 on his 27th birthday Uriah decided to abandon his savings plan. He never savedagain, but he left the accumulated savings in the bank account. The bank paid an interest rate of 14%. When Uriah turned65, he withdrew the money from the bank. What was the amount of hiswithdrawal?
What was the amount ofUriah's withdrawal when he turned65?
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