(Answered) Helen can earn 3 in her savings account her daughter

Economics

Helen can earn 3% in her savings account. Her daughter Roberta is 11 years old today. Suppose Helen deposits $4,000 today, and one year from today she deposits another $500. Each year she increases her deposit by $500 until she makes her last deposit on Roberta's 18th birthday. What is the annual equivalent of her deposits, and how much is on deposit after the 18th birthday?

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Business Economics, Economics

Category:- Business Economics
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