Andrew and emma garfield invested 7600 in a savings account, Ask an Expert

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Andrew and Emma Garfield invested $7,600 in a savings account paying 4% annual interest when their daughter, Angela, was born. They also deposited $1,200 on each of her birthdays until she was 16 (including her 16th birthday). Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much was in the savings account on her 16th birthday (after the last deposit)? (Round answer to 2 decimal places, e.g. 25.25.)

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92018604

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