Established bank account, Your wealthy uncle established a

Established bank account

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Reference no: EM131901179

Your wealthy uncle established a bank account with $2,500 for you when you were born. For the first 8 years of your life, the interest rate earned on the account was 6%. Since then, rates have been only 4%. Now you are 21 years old and ready to cash in. How much is in your account? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM131901179

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