How much is in the account right now

Assignment Help Management Theories

Reference no: EM133613857

Question: When you were born, your dear old Aunt Minnie promised to deposit $1,000 into a savings account, bearing a 5% effective annual rate, on each birthday, beginning with your first (1 years old). You have just turned 22 and want the money. However, it turns out that dear old (forgetful) aunt Minnie made no deposits on your fifth and eleventh birthdays. How much is in the account right now?

Reference no: EM133613857

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