Question: After receiving an inheritance of $ 5 0 , 0 0 0 on her 2 1 st birthday, Sarah deposited the inheritance in a saving

After receiving an inheritance of $50,000 on her 21st birthday, Sarah deposited the inheritance in a saving account with an effective annual interest rate of 3%. She decided to make regular deposits, beginning with $1,000 on her 22nd birthday and increasing by $200 each year (i.e. $1,2000 on her 23rd birthday, etc). Apply future worth analysis and find the future worth of Sarahs deposits after her deposit on her 65th birthday? Apply Future worth analysis. Use formulas or compound interest table. Do not use Excel

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