Your parents opend a bank account for you on the day you were bom and deposited the same amount as the time of opening the
Your parents opend a bank account for you on the day you were bom and deposited the same amount as the time of opening the account every year on your birthday till your 21st birthday. The account earned a yearly rate of 7% You have $24000.00 in your account on the day next to your 22nd birthday. The amount of the first deposit was closest to which of the following amounts?
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Authors: Helen F. Ladd, Margaret E. Goertz
2nd Edition
0415838010, 978-0415838016
