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MAT 142 - At the time of her grandson's birth, a grandmother deposits $5000

Question # 00619108
Subject: Finance
Due on: 11/17/2017
Posted On: 11/17/2017 03:34 AM

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At the time of her grandson's birth, a grandmother deposits $5000 into an account that pays 8.5% compounded monthly. What will be the value of the account on the child's twenty-first birthday, assuming that no other deposits or withdrawals are made during this period?

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MAT 142 - At the time of her grandson's birth, a grandmother deposits $5000

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