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College education from her grandparents

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A newborn child receives a $8,000 gift toward a college education from her grandparents. How much will the $8,000 be worth in 18 years if it is invested at 7.7% compounded quarterly?

Reference no: EM131407596

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College education from her grandparents : A newborn child receives a $8,000 gift toward a college education from her grandparents. How much will the $8,000 be worth in 18 years if it is invested at 7.7% compounded quarterly?
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