Question: QUESTION 7 Solve the problem. A mother invests $4000 in a bank account at the time of her daughter's birth. The interest is compounded quarterly

QUESTION 7 Solve the problem. A mother invests $4000 in a bank account at the time of her daughter's birth. The interest is compounded quarterly at a rate of 7%. What will be the value of the daughter's account on her twentieth birthday, assuming no other deposits or withdrawals are made during this period

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2. What might be the response of the paralegal assistants to this change?

3. What might be the response of the attorneys to this change?

4. If you were Paul, what problems would you anticipate at this point?