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Your grandmother has been putting $1,000 into a savings account on every birthday since your first (that is, when you turned 1). The account pays

Your grandmother has been putting $1,000 into a savings account on every birthday since your first(that is, when you turned1). The account pays an interest rate of 7%.How much money will be in the account on your 18th birthday immediately after your grandmother makes the deposit on thatbirthday?

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