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A young man is the beneficiary of a trust fund established for him 18 years ago at his birth. If the original amount placed in

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A young man is the beneficiary of a trust fund established for him 18 years ago at his birth. If the original amount placed in trust was $30,000, how much will he receive if the money has earned interest at the rate of 7%/year compounded annually? Compounded quarterly? Compounded monthly? (Round your answers to the nearest cent.) compounded annually $ :l A compounded quarterly $ :l X compounded monthly $ :l X

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