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Tina’s grandfather put $1000 in the bank for her when she was born. The account has been earning 5.85% interest compounded annually. Tina is now 18 years old. How much money is …

Tina’s grandfather put $1000 in the bank for her when she was born. The account has been earning 5.85% interest compounded annually. Tina is now 18 years old. How much money is …
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Tina’s grandfather put $1000 in the bank for her when she was born. The account has been earning 5.85% interest compounded annually. Tina is now 18 years old. How much money is in the account?

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User Britney
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8.3k points

1 Answer

4 votes
After 18 years the account has $2,053.00
answered
User Tytyryty
by
8.2k points
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