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At the time of her grandson's birth, a grandmother deposits $3000 in an account that pays 3% compounded monthly. What will be the value of

At the time of her grandson's birth, a grandmother deposits $3000 in an account that pays 3% compounded monthly. What will be the value of the account at the child's twenty-first birthday, assuming that no other deposits or withdrawals are made during this period? Click the icon to view some finance formulas. Y

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