The account earned annual compound interest

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On Juan’s 26th birthday, he deposited $8,500 in a retirement account. Each year thereafter, he deposited $1,000 more than the previous year. Using a gradient series factor, determine how much was in the account immediately after his 35th deposit if: 1. the account earned annual compound interest of 4.0%. 2. the account earned annual compound interest of 5.0%

Reference no: EM131185285

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