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On Miranda's 6th birthday, her generous grandparents opened up a savings account for her and...

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Accounting

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On Miranda's 6th birthday, her generous grandparents opened up a savings account for her and deposited some money in it. The account pays interest at a fixed rate of 4.4% per year. There have been no additional deposits or withdrawals into or out of the account since it was initially opened. Today is Miranda's birthday and she is turning 20 years old today. The current balance on the account is $6,578.24. Part A (5 points): Which of the following amounts is closest to the amount of the original deposit that Miranda's grandparents made into the account when the account was first opened on her 6th birthday? A. $3,448 B. $3,600 C. $1,000 D. $3,758 E. $2,780 Part B (5 points): If Miranda leaves the account alone and does not make any additional deposits or withdrawals into or out of the account, how much money will be in the account on her 50th birthday? On her 50th birthday, the balance on the account will be: $ PLEASE ROUND YOUR ANSWER TO THE NEAREST DOLLAR

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