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Mathematics, 01.11.2020 07:00 Bt758

At the time of her grandson's birth, a grandmother deposits $1000 in an account that pays 5.5% compounded monthly. What will be the value of the account at the child twenty-first birthday, assuming that no other deposits or withdrawals are made during this period?

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At the time of her grandson's birth, a grandmother deposits $1000 in an account that pays 5.5% compo...
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