Question: Kai Chang made a $ 5 , 0 0 0 deposit in her savings account on her 2 1 st birthday, and she has made

Kai Chang made a $5,000 deposit in her savings account on her 21st birthday, and she has made another $5,000 deposit on every birthday since then. Her account earns 10 percent compounded annually.
How much will she have in the account after she makes the deposit on her 32nd birthday? Use Appendix C for an approximate answer, but calculate your final answer using the formula and financial calculator methods.

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