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Mathematics, 10.11.2021 17:30 simmonss1185
1. Callie's grandmother deposits $1,000 into a savings account on Callie's 10th birthday
for her to withdraw when she turns 21. The account carries a 2.5% annual interest
rate that compounds quarterly.
If no additional deposits are made the account, by how much will the money grow by
the time Callie turns 21?
you
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1. Callie's grandmother deposits $1,000 into a savings account on Callie's 10th birthday
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