Question: Steve and Martha Fernetti invested 5 000 in a savings account
Steve and Martha Fernetti invested $5,000 in a savings account paying 5% annual interest when their daughter, Kristy, was born. They also deposited $1,000 on each of her birthdays until she was 18 (including her 18th birthday). How much was in the savings account on her 18th birthday (after the last deposit)?
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