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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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

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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

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4 votes

Answer:

21 Savage- ALOT

Explanation:

Mike Wodarczyk answered Jan 11, 2022

by Mike Wodarczyk

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