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A newborn child receives a $20,000 gift toward a college education from her grandparents. How much will the $20,000 be worth in 17 years if it is invested at 7% and compounded y…

A newborn child receives a $20,000 gift toward a college education from her grandparents. How much will the $20,000 be worth in 17 years if it is invested at 7% and compounded y…
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4 votes
A newborn child receives a $20,000 gift toward a college education from her grandparents. How much will the $20,000 be worth in 17 years if it is invested at 7% and compounded yearly?

asked
User Kakoni
by
8.3k points

2 Answers

6 votes

Answer:

$32508.26

Explanation:

t in the book is 17, so final answer must be 65068.44

answered
User Aborruso
by
8.0k points
4 votes

Answer:

21 Savage- ALOT

Explanation:

answered
User Mike Wodarczyk
by
8.4k points
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