gregg and kristina are both 45 years old. they open an account at the rhinebeck bank with the hope that it will gain enough interest by their retirement at the age of 65. they deposit $5000 each year into an account that pays 1.25% interest, compounded annually. what is the account balance when gregg and kristina retire?

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07-10-2022
Mathematics

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gregg and kristina are both 45 years old. they open an account at the rhinebeck bank with the hope that it will gain enough interest by their retirement at the age of 65. they deposit $5000 each year into an account that pays 1.25% interest, compounded annually. what is the account balance when gregg and kristina retire?

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