At the time of her grandson's birth, a grandmother deposits $ 7000 in an account that pays 10% 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? the value of the account will be

the value his child get after 25 years will be $84,314

Step-by-step explanation:

grandmother deposit =  $ 7000

compounded interest monthly =  10%

for monthly compounded = 10/12 = 0.833%

time = 25 years = 25 × 12 = 300 months

compound interest =

hence the value his child get after 25 years will be $84,314

depending on others is critical to survival. my source is apex!

step-by-step explanation:

the answer is y = 11.54

hope this : )