SOLUTION: At the time of her​ grandson's birth, a grandmother deposits $10,000 in an account that pays 3% compounded monthly. What will be the value of the account at the​ child's twenty
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Question 1175044: At the time of her​ grandson's birth, a grandmother deposits $10,000 in an account that pays 3% compounded monthly. What will be the value of the account at the​ child's twenty-first​ birthday, assuming that no other deposits or withdrawals are made during this​ period?
The value of the account will be ​$
Answer by Solver92311(821) (Show Source): You can put this solution on YOUR website!
Future Value: 
Present Value: 
Annual Interest Rate (as a decimal): 
Number of compounding periods per month: 
Number of years of the investment: 
^{nt})
Plugin the numbers and do the arithmetic.
John
My calculator said it, I believe it, that settles it
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