SOLUTION: In 2013 Staci invested $13,000 in a savings account for her newborn son. The account pays 4.6% interest each year. Determine the accrued value of the account in the year 2031, when
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Question 1166520: In 2013 Staci invested $13,000 in a savings account for her newborn son. The account pays 4.6% interest each year. Determine the accrued value of the account in the year 2031, when her son will go to college. Round your answer the nearest cent.
In the year 2031, the accrued value will be $
Found 2 solutions by ikleyn, solver91311:
Answer by ikleyn(52832) (Show Source): You can put this solution on YOUR website!
.
In addition, the problem MUST TO SAY at which year to start.
In a way, how it is presented in the post, it is NOT a Math problem.
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
^{18})
Do the arithmetic.
John
My calculator said it, I believe it, that settles it
I > Ø
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