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Your great - grandparents deposit $ 1 , 5 0 0 each year on your birthday, starting the day you are born, in an account

Your great

-

grandparents deposit $

1, 500

each year on your birthday,

starting the day you are born, in an account that pays

5 %

interest

compounded annually. How much will you have in the account on your

21

birthday, just after your grandparents make their final deposit?

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