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Your grandmother has been putting $ 5 comma 000$5,000 into a savings account on every birthday since your first (that is, when you turned one).
Your grandmother has been putting $ 5 comma 000$5,000 into a savings account on every birthday since your first (that is, when you turned one). The account pays an interest rate of 10 %10%. How much money will be in the account immediately after your grandmother makes the deposit on your 18th birthday
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