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Gilberto opened a savings account for his daughter and

Gilberto opened a savings account for his daughter and deposited $700 on the day she was born. Each year on her birthday, he deposited another $700. If the account pays 9% interest,compounded annually, how much is in the account at the end of the day on her 13th birthday.

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Finance Basics: Gilberto opened a savings account for his daughter and

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