Question
Your grandmother has been putting $5,000 into a savings account on every birthday since your first (that is, when you turned 1). The account pays
Your grandmother has been putting $5,000 into a savings account on every birthday since your first (that is, when you turned 1). The account pays an interest rate of 8%. How much money will be in the account on your 18th birthday immediately after your grandmother makes the deposit on that birthday?
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Applications In Energy Finance
Authors: Christos Floros, Ioannis Chatziantoniou
1st Edition
3030929566, 978-3030929565
