How much money will be in terrys savings account

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Reference no: EM132027488

Terry just celebrated her 20th birthday and she has decided to quit drinking Diet Coke. Terry currently drinks 2 cans of Diet Coke per day at an average cost of $1 per can.

To reward herself for quitting, Terry plans to invest all that she will save each day (i.e., $2) into a savings account that currently pays 6% every year.

Assuming her first deposit into the account is made tomorrow, and assuming that there are 365 days per year, how much money will be in Terry's savings account on her 65th birthday (i.e., 45 years or 16,425 days from today)?

Reference no: EM132027488

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