In September 2007, Democratic presidential candidate Hillary Rodham Clinton suggested that every child born in the United
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a). If the money is invested at an annual return of 10%, how much will the account have by the time that young person turns 18?
b). If the young person needs to get $40,000 from the account when he/she turns 18, at what interest rate should be money be invested?
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Related Book For
Business Law The Ethical Global and E-Commerce Environment
ISBN: 978-0071317658
15th edition
Authors: Jane Mallor, James Barnes, Thomas Bowers, Arlen Langvardt
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