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A newborn child receives a $8000 gift toward a college education from her grandparents. How much will the $8000 be worth in 18 years if it is invested at 5.1% compounded quarter…

A newborn child receives a $8000 gift toward a college education from her grandparents. How much will the $8000 be worth in 18 years if it is invested at 5.1% compounded quarter…
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A newborn child receives a $8000 gift toward a college education from her grandparents. How much will the $8000 be worth in 18 years if it is invested at 5.1% compounded quarterly?

User Nicholas Harlen
by
8.4k points

1 Answer

5 votes
$19918.29
That's how much it would be worth in 18 years
User Derek Fan
by
8.3k points
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