Question: Future value. You recently won a drawing at work with a grand prize of $1,000. Being wise in the ways of finance, upon winning you

Future value. You recently won a drawing at work with a grand prize of

$1,000. Being wise in the ways of finance, upon winning you immediately invest it in one of those online savings accounts that pays 3.8%, compounded monthly. Assuming you don’t put any more in or take any more out, what would the account balance be 15 years from now?

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