How much was left in the account when you turned 18

Reference no: EM133611888

Question: Ever since you turned 5 years old, you received $1.00 at the end of every week. On your 12th birthday, the amount was raised to $5.00/week. The payments stopped when you turned 18. Your parents deposited $2,000 on the day you were born, at 8% c/m, to provide for this allowance. The rate remained unchanged for the entire 18 year period. How much was left in the account when you turned 18?

Reference no: EM133611888

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