A newborn child receives a $20,000 gift toward college from her grandparents. How much will the $20,000

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

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To calculate the future value of the 20000 investment in 17 years with a compound i...View the full answer

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