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Your parents deposited $ 5 0 0 in the bank for you every year starting when you were born. How much will you have after

Your parents deposited $

500

in the bank for you every year starting when you were born. How much will you have after your

21

st birthday if interest rates are

5 % ?

If they made an extra deposit of $

500

on your

15

th birthday, how much will you have?

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