Question: I need help with this question ASAP. Please provide a detailed solution. Thank you! Melinda opened a savings account for her daughter on the day

I need help with this question ASAP. Please provide a detailed solution. Thank you!

Melinda opened a savings account for her daughter on the day she was born, depositing $1,000 : Each year on her birthday she deposits another $1,000 making the last deposit on her 21 st birthday. The account pays 9.5% interest compounded annually. Find the total amount accumulated in the account at the end of the day on the daughters 21 st birthday. (answer in whole number)

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