Abby Serwaa just gave birth to a beautiful baby. Abby is going to deposit $12,000 into an investment account at the end of this week to be used to pay for her baby's university education. If the investment grows at an interest rate of 9.5 percent per year, how much is expected to be in the account a week after the baby turns 18?

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To determine how much will be in the investment account when the b... View the full answer