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Your grandfather put some money in an account for you on the day you were born. You are now 20 years old and are allowed
Your grandfather put some money in an account for you on the day you were born. You are now 20 years old and are allowed to withdraw the money for the first time. The account currently has $5350 in it and pays an interest rate of 4.1%. A) How much money would be in the account if you left the money there until your 26th birthday? The amount that would be in the account if you left the money there until your 26th birthday would be $ (Round to the nearest dollar.) B) What if you left the money in the account until your 63th birthday? If you left the money in the account until your 63th birthday, the future value would be $ (Round to the nearest dollar.) C) How much money did your grandfather originally put in the account? The amount of money your grandfather originally put in the account was $ (Round to the nearest dollar.)
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