For her 1st birthday, Ruth's grandparents invested $800 in an 18-year certificate for her that pays 8% compounded annually. How much will the certificate be worth on Ruth's 19th birthday? (Round your answer to the nearest cent.) $=
For her 1st birthday, Ruth's grandparents invested $800 in an 18-year certificate for her that pays 8% compounded annually. How much will the certificate be worth on Ruth's 19th birthday? (Round your answer to the nearest cent.) $=
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 15PT: Rachael deposits $3,600 into a retirement fund each year. The fund earns 7.5% annual interest,...
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For her 1st birthday, Ruth's grandparents invested $800 in an 18-year certificate for her that pays 8% compounded annually. How much will the certificate be worth on Ruth's 19th birthday? (Round your answer to the nearest cent.)
$=
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