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Your grandfather put some money in an account for you on the day you were...

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Question

Finance

Your grandfather put some money in an account for you on the day you were born. You are now

18

years old and are allowed to withdraw the money for the first time. The account currently has $9,616

in it and pays?a(n)

6 %

interest rate.

a.??How much money would be in the account if you left the money there until your 25th? birthday?

b. How much would be in your account if you left the money in the account until your 65th? birthday?

c. How much money did your grandfather originally put in the? account?

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