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How much is in the account now- on twenty-fifth birthday

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Question - When you were born, your dear old Aunt Minnie promised to deposit $1,000 in a savings account for you on each and every one of your birthdays, beginning with your ?rst. The savings account bears a 6 percent compound annual rate of interest. You have just turned 25 and want all the cash. However, it turns out that dear old (forgetful) Aunt Minnie made no deposits on your fourth, eighth, and eleventh birthdays. How much is in the account now- on your twenty-fifth birthday?

Reference no: EM132768686

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