SOLUTION: At the time of her​ grandson's birth, a grandmother deposits $ 11,000 $11,000 in an account that pays 6 % 6% compounded monthly. What will be the value of the account at th

Algebra.Com
Question 1210582: At the time of her​ grandson's birth, a grandmother deposits
$ 11,000
$11,000 in an account that pays
6 %
6% 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 $?
Found 2 solutions by josgarithmetic, MathTherapy:
Answer by josgarithmetic(39790)   (Show Source): You can put this solution on YOUR website!

Answer by MathTherapy(10801)   (Show Source): You can put this solution on YOUR website!
At the time of her​ grandson's birth, a grandmother deposits 
$ 11,000
$11,000 in an account that pays 
6 %
6% 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 $? 
****************************

RELATED QUESTIONS

At the time of her​ grandson's birth, a grandmother deposits $ 11,000 $11,000 in an... (answered by timofer,ikleyn)
At the time of her​ grandson's birth, a grandmother deposits $10,000 in an account that (answered by Solver92311)
At the time of her grandson’s birth, a grandmother deposits $2000 in an account that pays (answered by scott8148)
2. At the time of her grandson's birth, a grandmother deposits $ 1000 in an account that... (answered by ankor@dixie-net.com)
the time of her grandson's birth, a grandmother deposits $7000 in an account that pays... (answered by greenestamps,ikleyn)
At the time of her grandsons birth, a grandmother deposits 4000 in an account that pays... (answered by checkley77)
At the time of her grandson's birth, a grandmother deposits $ 9000$in an account that... (answered by greenestamps)
At the time of her grandson's birth, a grandmother deposits $12,000.00 in an account that (answered by stanbon)
Assume that an 18-month CD purchased for $11,000 pays an APR of 6% compounded monthly.... (answered by ikleyn,Boreal)