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Posted: June 15th, 2022
Assuming grandma lives that long, how much will Frank have saved
10. Today is Frank’s 10th birthday. His grandmother has given him $150 today and has promised to give him $150 on each of his birthday’s up to and including his 18th birthday. Assuming grandma lives that long, how much will Frank have saved if he invests all of the birthday cash at a 6% annual interest rate?
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