An industrious 15-year old earned 18000 one year by cutting, Ask an Expert

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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?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92765282

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