A mother invests $11,000 in a bank account at the time of her daughter's birth. The interest is compounded quarterly at

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A mother invests $11,000 in a bank account at the time of her daughter's birth. The interest is compounded quarterly at

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A Mother Invests 11 000 In A Bank Account At The Time Of Her Daughter S Birth The Interest Is Compounded Quarterly At 1
A Mother Invests 11 000 In A Bank Account At The Time Of Her Daughter S Birth The Interest Is Compounded Quarterly At 1 (15.16 KiB) Viewed 38 times
A mother invests $11,000 in a bank account at the time of her daughter's birth. The interest is compounded quarterly at a rate of 11%. What will be the value of the daughter's account on her twentieth birthday, assuming no other deposits or withdrawals are made during this period?
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