Uriah Heep celebrated his 18th birthday by opening a savings account at the Thames River Bank and
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Uriah Heep celebrated his 18th birthday by opening a savings account at the Thames River Bank and depositing $3,800. He continued to deposit the same amount on every subsequent birthday until he was 28 years old. After depositing $3,800 on his 28th birthday Uriah decided to abandon his savings plan. He never savedagain, but he left the accumulated savings in the bank account. The bank paid an interest rate of 10.5%. When Uriah turned65, he withdrew the money from the bank. What was the amount of hiswithdrawal?
What was the amount ofUriah's withdrawal when he turned65?
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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