SOLUTION: Suppose that when you were born, your grandparents deposited $1000 into an account that they hoped would help you pay for college. The account compounds annually at a rate of 4%.
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: Suppose that when you were born, your grandparents deposited $1000 into an account that they hoped would help you pay for college. The account compounds annually at a rate of 4%.
Log On
Question 943076: Suppose that when you were born, your grandparents deposited $1000 into an account that they hoped would help you pay for college. The account compounds annually at a rate of 4%. Answer by Fombitz(32388) (Show Source):