Question 1210582
<pre>
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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{{{A(t) = A(21) = "11,000"*(1 + .06/12)^((12*21)) = highlight("$38,658.08"))}}}</font></font></font></b></pre>