Question A new born child receives a $9,000.00 gift toward college education from her grandparents. How much will the $9,000.00 be worth in 18 years if it is invested at 5.3% compounded quarterly? It will be worth?
Question
A new born child receives a $9,000.00 gift toward college education from her grandparents. How much will the
$9,000.00 be worth in 18 years if it is invested at 5.3% compounded quarterly? It will be worth?
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