Your Grandmother invests $2,500 into a project that is expected to earn 15% APR compounded monthly....
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Your Grandmother invests $2,500 into a project that is expected to earn 15% APR compounded monthly. If she gives this to you on your 18th birthday for college, how much will you have? Your Grandmother invests $2,500 into a project that is expected to earn 15% APR compounded monthly. If she gives this to you on your 18th birthday for college, how much will you have?
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Using the compound interest formula A P1 rnnt In this case P ... View the full answer
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