Your grandparents deposit 2000 each year on your birthday, Finance Basics

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Your grandparents deposit 2000 each year on your birthday

Your grandparents deposit $2,000 each year on your birthday, starting the day you are born, in an account that pays 7% interest compounded annually. How much will you have in the account on your 21st birthday, just after your grandparents make their deposit (round to the nearest dollar)? A) $101,802 B) $98,012 C) $86,058 D) $79,640

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