Since Your First Birthday,your Grandparents Have Been Depositing $1000 into a Savings

question 89

Multiple Choice

Since your first birthday,your grandparents have been depositing $1000 into a savings account on every one of your birthdays.The account pays 4% interest annually.Immediately after your grandparents make the deposit on your 18th birthday,the amount of money in your savings account will be closest to:

• A)$25,645.
• B)$36,465.
• C)$12,659.
• D)$18,000.

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