Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. at the time of her grandson's birth, a grandmother

At the time of her grandson's birth, a grandmother deposits $15,000 in an account that...

90.2K

Verified Solution

Question

Basic Math

image

At the time of her grandson's birth, a grandmother deposits $15,000 in an account that pays 9% compounded monthly. What will be the value of the account at thechild's twenty-first birthday, assuming that no other deposits or withdrawals are made during this period?Click the icon to view some finance formulas.The value of the account will be $(Round to the nearest dollar as needed.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A detailed description of the technology based on the solution .   A description on how it will...

Biology
Q

Please answer the following two questions: 3) Two cylindrical copper wires with a radius of 39...

Physics
Q

consider the following equation, max r = 4x + y + 6z 2x + y + 2z...

Advance Math
Q

Use the graphs of the functions to solve the problem x x 1 g x...

Algebra
Q

Factor the expression completely 3x 3x 18 3x 3x 18

Algebra
Q

Tildy Corporation projected sales and production in units for the coming...

Accounting
Q

Easley-OHara Office Equipment sells furniture and technology solutions to consumers and to businesses. Most consumers...

Accounting
Q

Publicly traded fund shares are: A Negotiable and Managed BORedeemable and Managed CO Negotiable and...

Accounting
Q

2. Why would a manufacturing company with multiple production departments still prefer to use a...

Accounting
Q

Grays Company has inventory of 19 units at a cost of $7 each on August...

Accounting
Q

Coronado Corporation accumulates the following data relative to jobs started and finished during the month...

Accounting
Q

Keaton Accessories uses a perpetual inventory system. The company's beginning inventory of a particular product...

Accounting