Register

5) your grandparents put $1,000 into a saving account for you when you were born 30 years ago. this account has been earning interest at a compound rate of 7%. what is its value…

5) your grandparents put $1,000 into a saving account for you when you were born 30 years ago. this account has been earning interest at a compound rate of 7%. what is its value…
107k views
1 vote
5) your grandparents put $1,000 into a saving account for you when you were born 30 years ago. this account has been earning interest at a compound rate of 7%. what is its value today?

User Larry Battle
by
7.9k points

1 Answer

5 votes
I'm going to go with 27,900
User Timoteo
by
9.2k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!