Daniel and Nancy Garfield invested $6,700 in a savings account paying 4% annual interest when their daughter, Angela, was born. They also deposited $1,500 on each of her birthdays until she was 14 (including her 14th birthday). (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much was in the savings account on her 14th birthday (after the last deposit)? (Round answer to 2 decimal places, e.g. 25.25.) Amount on 14th birthday $

Daniel and Nancy Garfield invested $6,700 in a savings account paying 4% annual interest when their daughter, Angela, was born. They also deposited $1,500 on each of her birthdays until she was 14 (including her 14th birthday). (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much was in the savings account on her 14th birthday (after the last deposit)? (Round answer to 2 decimal places, e.g. 25.25.) Amount on 14th birthday $

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 68P

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Amount on 14th birthday		$

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