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Your mother helped you start saving $25 a month beginning on your 10th birthday. She always made you make your deposit on the first day
Your mother helped you start saving $25 a month beginning on your 10th birthday. She always made you make your deposit on the first day of each month just to "start the month out right". The interest rate on the deposit is 5.29%. How much will you have in your account when you turn 20? (ans is $3,960, please show all the work)
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