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Andrew and Emma Garfield invested $6,100 in a savings account paying 4% annual interest when...

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Accounting

Andrew and Emma Garfield invested $6,100 in a savings account paying 4% annual interest when their daughter, Angela, was born. They also deposited $1,200 on each of her birthdays until she was 16 (including her 16th birthday).

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.)

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