Kal Chang made a $5,800 deposit in her savings account on her 21 st birthday,...
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Accounting
Kal Chang made a $5,800 deposit in her savings account on her 21 st birthday, and she has made another $5,800 deposit on every birthday since then. Her account eams 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. Note: Do not round intermediote colculotions. Round your final onswer to 2 decimal places
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