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How much was in the savings account

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Point 1: Steve and Martha Fernetti invested $5,400 in a savings account paying 8% annual interest when their daughter, Kristy, was born. They also deposited $1,000 on each of her birthdays until she was 18 (including her 18th birthday).

Question 1: How much was in the savings account on her 18th birthday (after the last deposit)? (Round answer to 2 decimal places, e.g. 25.25.)

Reference no: EM132488906

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