Question
A newborn child receives a $9,000 gift toward a college education from her grandparents. How much will the $9,000 be worth in 21 years if
A newborn child receives a $9,000 gift toward a college education from her grandparents. How much will the $9,000 be worth in 21 years if it is invested at 5.4% compounded quarterly?
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The $9,000 will be worth $____ enter your response here in 21 years
(Do not round until the final answer. Then round to the nearest cent as needed.)
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Executive Finance And Strategy
Authors: Ralph Tiffin
1st Edition
0749471506, 978-0749471507
