Question
Your grandmother has been putting $2,000 into a savings account on every birthday since your first(that is, when you turnedone).T he account pays an interest
Your grandmother has been putting $2,000 into a savings account on every birthday since your first(that is, when you turnedone).T he account pays an interest rate of 11 % How much money will be in the account immediately after your grandmother makes the deposit on your 18th birthday.
Round to the nearest dollar
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Get StartedRecommended Textbook for
Fundamentals of Corporate Finance
Authors: Berk, DeMarzo, Harford
2nd edition
132148234, 978-0132148238
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