At the time of her grandson's birth, a grandmother deposits $5000 in an account that pays 9.5% compounded monthly. What will be the
value of the account at the child's twenty-first birthday, assuming that no other deposits or withdrawals are made during this period?
?

Question

02-11-2022
Mathematics

Answered

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At the time of her grandson's birth, a grandmother deposits $5000 in an account that pays 9.5% compounded monthly. What will be the
value of the account at the child's twenty-first birthday, assuming that no other deposits or withdrawals are made during this period?
?

Sagot :

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