Solution-Cash from various friends and relatives

Cash from various friends and relatives

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Reference no: EM132038504

Your newborn daughter has received a total of $2,500 in cash from various friends and relatives. If you deposit this money for her in an investment that returns an average return of 12% a year, how much will she have accumulated on her 21st birthday, to the nearest dollar?

Reference no: EM132038504

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Cash from various friends and relatives

Reference no: EM132038504

Reference no: EM132038504

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