Kai Chang made a $2,200 deposit in her savings account on her 21st birthday, and she has made another $2,200 deposit or birthday since then. Her account earns 8 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 approxima but calculate your final answer using the formula and financial calculator methods. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Futurn valun
Kai Chang made a $2,200 deposit in her savings account on her 21st birthday, and she has made another $2,200 deposit or birthday since then. Her account earns 8 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 approxima but calculate your final answer using the formula and financial calculator methods. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Futurn valun
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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