Question

Christy Reed made a $2,400 deposit in her savings account on her 21st birthday, and she has made another $2,400 deposit on every birthday since then. Her account earns 10 percent compounded annually.

How much will she have in the account after she makes the deposit on her 32nd birthday? Use Appendix C for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)02083 78 11 1 2 3 4 6 7 9 1 1 11 22 26 30 34 39 44 50 56 64 14 99 81 68 4777851 79261 115 1122 2 01567 957 287220 25 1 2 3 5 8 1 1 1 2 3 4 5 6 86 09 38 3 1 3 2 4 2 8 5 1123467913581 1112230 6999 3 198 990 5792 8 111141 780 1234578024681 1235792594 123579259 734 14 7 198 712357914827297 123456891245791 1235681471 4 7555 4567 7 40 421 36 30 3 5 3 5 7 89 8 2 80 18 94 7 123456780124578 412346803693727 20 60 22 04 08 34 83 55 50 69 12 80 74 93 39 12 12 41 97 30 88 02 79 .1 2 3 4 5 7 914692604820545 6 7 12345678902345780124 11234680258 54 65 12 3 2 7 8 7 4 2 3 1 7 1 123456789 10 1 2 3 4 6 7 8 9 20 2838 64 1234680247 1234567890123456789 1234567890123456789 20 25 30 40 50

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