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solution

The amount of money that would be in the account if you left the money there until your 65th birthday is closest to:

a. $ 106,271.17
b. $ 112,743.09
c. $ 116,125.38
d. $ 119,609.14
e. $ 126,893.34
f. None of the above
is within $1,000 of the amount of money that would be in the account if you left it there until your 65th birthday. Chapter 3 Review Problems Your great aunt Matilda put some money in an account for you on the day you were born. This account pays 3% interest compounded annually. On your 21st birthday the account balance was $33,555.50. 1. The amount of money that your great aunt Matilda originally put into the account is closest to:
a. $ 33,555.50
b. $ 19,136.23
c. $ 18,578.87
d. $ 18,037.73
e. $ 17,512.36
f. $ 17,002.29

Solution:

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