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Your grandmother has been putting 3000 into a savings

Your grandmother has been putting $3,000 into a savings account on every birthday since your first (that is, when you turned 1). The account pays an interest rate of 3%.

How much money will be in the account on your 18^th birthday immediately after your grandmother makes the deposit on that birthday?

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Finance Basics: Your grandmother has been putting 3000 into a savings

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