Help Save & Exit Sub A single deposit of $25,000 was made by your grandparents on...

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Answer 1

Answer #1

If the deposit grew as per compund interest, after 25 years the balance of the account would be closest to (a) $201667

Formula:

A=P(1+ r/n)^nt ,

where A: Final Amount, P: Principal Amount, r: Rate of Interest; n: No: of times interest applied per time period; t:Time period

Answer 2

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