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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Terry and Jessica Benedict invested $5,400 in a savings account paying 6% annual interest when their daughter, Kristi, was born. They also deposited $1,000 on each of her birthdays until she was 16 (including her 16th birthday).
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
How much was in the savings account on her 16th birthday (after the last deposit)? (Round answer to 2 decimal places, e.g. 25.25.)
| Amount on 16th birthday | Â |
$ |
Â
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