SOLUTION: A mother invests $3000 in a bank account at the time of her daughter's birth. The interest is compounded quarterly at a rate of 12%. What will be the value of the daughter's accoun
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Question 172037: A mother invests $3000 in a bank account at the time of her daughter's birth. The interest is compounded quarterly at a rate of 12%. What will be the value of the daughter's account on her twentieth birthday, assuming no other deposits or withdrawals are made during this period?
Answer by jojo14344(1513) (Show Source): You can put this solution on YOUR website!
This follows
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So,
Thank you,
Jojo
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