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A newborn child receives a $5,000 gift toward a college education from her grandparents. How much will the $5,000 be worth in 21 years
A newborn child receives a $5,000 gift toward a college education from her grandparents. How much will the $5,000 be worth in 21 years if it is invested at 4.6% compounded quarterly? Enter the following TVM values to be used for this problem Round decimals to 5 places if needed Hint: Make sure P/Y-C/Y 1 [] 1%6= PV= 00000 PMT= FV= The $5,000 will be worth $in 21 years (Do not round until the final answer. Then round to the bearest cent as needed)
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