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A newborn child receives a $20,000 gift toward a college education from her grandparents. How much will the $20,000 be worth in 17 years if it is invested at 7% and compounded yearly?
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6 votes
6 votes
A newborn child receives a $20,000 gift toward a college education from her grandparents. How much will the $20,000 be worth in 17 years if it is invested at 7% and compounded yearly?

User Hermann Speiche
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2.6k points

2 Answers

10 votes
10 votes

Answer:

$32508.26

Explanation:

t in the book is 17, so final answer must be 65068.44

User Li Ho Yin
by
2.9k points
23 votes
23 votes

Answer:

21 Savage- ALOT

Explanation:

User Andelas
by
3.1k points
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