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How much money would be in the account

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Question - Your grandfather put some money in an account for you on the day you were born. You are now 18 years old and are allowed to withdraw the money for the first time. The account currently has $5,266 in it and pays a(n) 11% interest rate.

a. How much money would be in the account if you left the money there until your 25th birthday?

b. How much would be in your account if you left the money in the account until your 65th birthday?

c. How much money did your grandfather originally put in the account?

Reference no: EM132661116

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