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Your grandmother has been putting 1000 into a savings

Your grandmother has been putting $1,000 into a savings account on every birthday since your first(that is, when you turned 1). The account pays an interest rate of 7%. How much money will be in the account on your 18th birthday immediately after your grandmother makes the deposit on that birthday?

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Basic Computer Science: Your grandmother has been putting 1000 into a savings

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