Kevin and Laura Garfield invested $7,100 in a savings account paying 6% annual interest when...
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Kevin and Laura Garfield invested $7,100 in a savings account paying 6% annual interest when their daughter, Sarah, was bom. They also deposited $1,000 on each of her birthdays until she was 17 (including her 17 th birthday). Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) How much was in the savings account on her 17 th birthday (after the last deposit)? (Round answer to 2 decimal places es. 25. 25.) Amount on 17 th birthday
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