Question
Your grandfather put some money in an account for you on the day you were born. You are now 20 years old and allowed to
Your grandfather put some money in an account for you on the day you were born. You are now 20 years old and allowed to withdraw the money for the first time. The account currently has 21910 dollars in it and pays 4% interest rate.
How much money would be in the account if you left the money until your 60th birthday?
How much money did your grandfather originally put in the account?
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Financial Management Theory And Practice
Authors: Prasanna Chandra
7th Edition
0070656657, 978-0070656659
