Question: either explain the keystrokes on the calculator, or write the formula (with numbers 1.a. Your 15 year old niece earned $9,000 this summer by cutting
either explain the keystrokes on the calculator, or write the formula (with numbers
1.a. Your 15 year old niece earned $9,000 this summer by cutting grass. Because she lives with her parents, she decided to save all of her earnings. If she invested all $9,000 in an account that earns 9.75% interest per year and makes no other deposits to this account, how much will the account be worth 50 years from now (when she is at the traditional retirement age)?
1.b. Your 15 year old nephew is able to save $350 per month. If he invests $350 per month in an account that earns 9.75% interest (per year!), how much will he have in the account 50 years from now (when he is at the traditional retirement age)?
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