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Your great aunt Matilda put some money in an account for you on the day you were born. This account earns 8% interest per year.
Your great aunt Matilda put some money in an account for you on the day you were born. This account earns 8% interest per year. On your 21st birthday the account balance was $5,033.83.
(a) What is the amount of money that your great aunt Matilda originally put in the account on the day you were born?
(b) What is the amount of money that would be in the account if you left the money there until your 65th birthday?
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