"Kwickk Finance" is a modern blog dedicated to empowering readers with practical, insightful, and actionable financial advice.

Friday, January 24, 2025

Calculating The Value of Investment Made for a Child

Your wealthy uncle established a $1,000 bank account for you when you were born. For the first eight years of your life, the interest rate earned on the account was 6%. Since then, rates have been only 4%. Now you are 21 years old and ready to cash in. How much is in your account?

Solution:


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