At the time of her grandson's birth, a grandmother deposits $3000 in an account that pays 9.5%

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At the time of her grandson's birth, a grandmother deposits $3000 in an account that pays 9.5% compounded monthly. assuming that no other deposits or withdrawals are made during this period

What will be the value of the account at the child's twenty-first birthday?

Related Book For answer-question

College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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Posted Date: May 15, 2023 06:06 AM

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At the time of her grandson's birth, a grandmother deposits $3000 in an account that pays 9.5%

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Given Principal amount initial deposit 3000 Interest rate 95 ... View the full answer

College Mathematics for Business Economics Life Sciences and Social Sciences

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