Mary Lou received $16,000 from her grandparents for her college education 8 years prior to her enrolling in college. Mary Lou invested the money at 4.5% compounded semiannually. How much money will she have in her savings account when she is ready to enroll in college?
Mary Lou received $16,000 from her grandparents for her college education 8 years prior to her enrolling in college. Mary Lou invested the money at 4.5% compounded semiannually. How much money will she have in her savings account when she is ready to enroll in college?
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
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Mary Lou received $16,000 from her grandparents for her college education 8 years prior to her enrolling in college. Mary Lou invested the money at 4.5% compounded semiannually. How much money will she have in her savings account when she is ready to enroll in college?
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