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A newborn child receives a $8,000 gift toward a college education from her grandparents. How much will the $8,000 be worth in 18 years if

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A newborn child receives a $8,000 gift toward a college education from her grandparents. How much will the $8,000 be worth in 18 years if it is invested at 5.6% compounded quarterly? It will be worth $. (Round to the nearest cent.)

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