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Your grandmother deposited $2,000 into an account for you when you were born, $2,000 again when you turned eight, and $2,000 again when you turned
Your grandmother deposited $2,000 into an account for you when you were born, $2,000 again when you turned eight, and $2,000 again when you turned fifteen. How much will be in the account on your 22nd birthday if interest rates are 4%? How much would be in the account on your 22nd birthday if your grandmother also withdrew $1,000 when you turned 18?
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