SOLUTION: sandra wants to deposit $80 each year for her son.IF she places her deposits in a savings account that pays 6% per year what amount will be in the account in 21 years?
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Question 987524: sandra wants to deposit $80 each year for her son.IF she places her deposits in a savings account that pays 6% per year what amount will be in the account in 21 years? Answer by 428225(90) (Show Source):
You can put this solution on YOUR website! Since the interest rate on the account is 6%, the multiplier you use will be 1.06. Also, since the money will be in the account for 21 years, you put the multiplier to the power of 21.
