At the time of her grandsons birth a grandmother deposited $15,000 in an account that pays 9.5% compounded monthly. What will be the value of the account at the child's 21st birthday, assuming that no

At the time of her grandsons birth a grandmother deposited $15,000 in an account that pays 9.5% compounded monthly. What will be the value of the account at the child's 21st birthday, assuming that no other deposits or withdrawals are made during this period?

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At the time of her grandsons birth a grandmother deposited $15,000 in an account that pays 9.5% compounded monthly. What will be the value of the account at the child's 21s…

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