SOLUTION: Emily put $48,000 in an education account on the day her daughter was born. If the account earned 5.05% interest compounded monthly, what was the total in the account when her

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Question 1090205: Emily put $48,000 in an education
account on the day her daughter was born.
If the account earned 5.05% interest
compounded monthly, what was the total
in the account when her daughter turned
18? Round the final answer to the nearest
cent.

Answer by Fombitz(32388) About Me  (Show Source):