Business

Goon

26 May, 18:21

It is Juan's 26th birthday and on his 26th birthday, he deposited $7,000 in a retirement account. Each year thereafter, he deposited $1,000 more than the previous year. Using a gradient series factor, determine how much was in the account immediately after his 35th birthday if the account earned annual compound interest of 5.2%. Round entry to the nearest dollar.

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