Your grandparents put some money into an account for you on the day you were...

80.2K

Verified Solution

Question

Finance

image
Your grandparents put some money into an account for you on the day you were born. You are now 20 years old and are allowed to withdraw money. The account currently has $15,749 in it and pays a 2% interest rate. How much money did your grandparents originally put into the account? O 315,440.20 $10.598.62 O $10,390.81 $10,810.60

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students