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5) your grandparents put $1,000 into a saving account for you when you were born 30 years ago. this account has been earning interest at a compound rate of 7%. what is its value…

5) your grandparents put $1,000 into a saving account for you when you were born 30 years ago. this account has been earning interest at a compound rate of 7%. what is its value…
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1 vote
5) your grandparents put $1,000 into a saving account for you when you were born 30 years ago. this account has been earning interest at a compound rate of 7%. what is its value today?

asked
User Larry Battle
by
7.9k points

1 Answer

5 votes
I'm going to go with 27,900
answered
User Timoteo
by
9.2k points
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