Question: Kai Chang made a $ 2 , 8 0 0 deposit in her savings account on her 2 1 st birthday, and she has made
Kai Chang made a $ deposit in her savings account on her st birthday, and she has made another $ deposit on every birthday since then. Her account earns percent compounded annually.
How much will she have in the account after she makes the deposit on her nd birthday? Use Appendix for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
Note: Do not round intermediate calculations. Round your final answer to decimal places.
Answer is complete but not entirely correct.
$
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