ed to withdraw the money for the first time. The account current y has $4,037 in...

Question

Question

Answer 1

Answer #1

a) until 25th birthday = 4037*1.04^7 = $5312.41

b) until 65th birthday = 4037*1.04^47 = $25505.02

c) inital sum = 4037/1.04^18 =$1992.77

Answer 2

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