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Question
Your grandparents deposit $2,000 each year on your birthday, starting the day you are born, in an account that pays 7% interest compounded annually. How much will you have in the account on your 21st birthday, just after your grandparents make their deposit?A) $101,802
B) $98,016
C) $86,058
D) $79,640
Answer
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Related questions
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