Question: using the formula Upper A equals Upper P left parenthesis 1 plus StartFraction r Over n EndFraction right parenthesis Superscript ntA=P1+rnnt At the time of

using the formula Upper A equals Upper P left parenthesis 1 plus StartFraction r Over n EndFraction right parenthesis Superscript ntA=P1+rnnt At the time of her grandson's birth, a grandmother deposits $ 15 comma 000 in an account that pays 4 % compounded monthly. What will be the value of the account at the child's twenty-first birthday, assuming that no other deposits or withdrawals are made during this period

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