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Your grand parents have been depositing $1000 into a saving account on every one of your birthdays. The account pays 5% interest annually. Immediately after

Your grand parents have been depositing $1000 into a saving account on every one of your birthdays. The account pays 5% interest annually. Immediately after your grandparents make the deposit on your 18th birthday, what will be the amount of money in the savings account?

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