When she is at the traditional retirement age

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An industrious 15-year old earned $18,000 one year by cutting grass. Because she lives with her parents, she decided to save all of her earnings. If she invested all $18,000 in an account that earns 9.5% interest per year, how much will the account be worth in 50 years when she is at the traditional retirement age?

Reference no: EM131461119

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