Multiple Choice
Your grandparents deposit $2,000 each year on your birthday,starting the day you are born,in an account that pays 7% interest compounded annually.How much will you have in the account on your 21st birthday,just after your grandparents make their deposit?
A) $101,802
B) $98,016
C) $86,058
D) $79,640
Correct Answer:
Verified
Correct Answer:
Verified
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