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At the time of her grandson's birth, a grandmother deposits $6000 in an account that pays 6% compounded monthly. What will be the value of
At the time of her grandson's birth, a grandmother deposits $6000 in an account that pays 6% 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? The value of the account will be $ (Round to the nearest dollar as needed.)
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