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borteleto borteleto
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Posts: 2477
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6 years ago
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
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wrote...
6 years ago
 B
 
borteleto Author
wrote...
6 years ago
I'm still confused, but thanks for answering correctly
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