When Derrick turned age 15, his grandparents put $10,000 into an account that yielded 1.4% interest, compounded
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When Derrick turned age 15, his grandparents put $10,000 into an account that yielded 1.4% interest, compounded quarterly. When Derrick turns 18, his grandparents will give him the money to use toward his college education. How much does Derrick receive from his grandparents on his 18th birthday?
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Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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