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Home Q & A Board Science-Related Homework Help Mathematics
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npdtan92 npdtan92
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10 months ago
Maia wishes to plan for her children's education. She wishes for them to have money for college when they turn eighteen. Maia has just deposited $3,000 in each of two savings plans for her kids. They will have access to the accumulated funds on their 18th birthdays. Jacob is 13 years and 5 months while Natasha is 11 years and 4 months old. If the plans earn 4% compounded monthly, what amount will each grandchild receive at age 18?

▸ Jacob $3,802.55
Natasha $3,715.08

▸ Jacob $3,682.55
Natasha $3,715.08

▸ Jacob $3,602.55
Natasha $3,915.08

▸ Jacob $3,642.55
Natasha $3,215.08

▸ Jacob $3,692.55
Natasha $3,215.08
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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Moh1995abdelMoh1995abdel
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10 months ago
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npdtan92 Author
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10 months ago
You make an excellent tutor!
smdavis
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Yesterday
Helped a lot
shelbycox
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2 hours ago
Good timing, thanks!
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