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

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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) About Me  (Show Source):
Answer by MathTherapy(10801) About Me  (Show Source):
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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 $? 
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