Answer:
$16,532.98
Step-by-step explanation:
Her last deposit = 500, second last = 500 x 1.05, third last = 500 x 1.05^2................ first deposit = 500 x 1.05^19
=500 +500 x 1.05 + 500 x 1.05^2 + 500 x 1.05^19
= 500(1.05^20-1) divided by (1.05-1)
= 16532.98
