Question
Your grandmother has been putting $2000. into a savings account on every birthday since your first (that is when you turned 1) the account pays
Your grandmother has been putting $2000. into a savings account on every birthday since your first (that is when you turned 1) 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 that birthday? The amount in the account upon your 18th birthday is $________
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
2nd Edition
0324289235, 9780324289237
