At the time of her grandson's birth, a grandmother deposits $15,000 in an account that pays 9% compounded monthly. What will be

Question

At the time of her grandson's birth, a grandmother deposits $15,000 in an account that pays 9% 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.
The value of the account will be $
(Round to the nearest dollar as needed.)

Kunduz · Accepted Answer

Click to see the answer