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?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Jan 7, 2022 123k views

4 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?

Mathematics
college

Kakoni asked

by Kakoni

6.2k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

6 votes

Answer:

$32508.26

Explanation:

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

Aborruso answered Jan 9, 2022

by Aborruso

5.6k points

0 Comments

Please log in or register to add a comment.

4 votes

Answer:

21 Savage- ALOT

Explanation:

Mike Wodarczyk answered Jan 11, 2022

by Mike Wodarczyk

5.6k points

0 Comments

Please log in or register to add a comment.

Ask a Question

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

6.0m questions

7.9m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

0 Comments

Please log in or register to add a comment.

0 Comments

Please log in or register to add a comment.

Other Questions