Alva Thomas has decided to place $10,000 in an account payable to his alma matter when he dies. If the account grows at

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answerhappygod
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Alva Thomas has decided to place $10,000 in an account payable to his alma matter when he dies. If the account grows at

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Alva Thomas has decided to place $10,000 in an account payableto his alma matter when he dies. If the account grows at an annualrate of 6% compounded monthly and he lives for another 10 years,the university will receive
Select one:
a. 10,000(1 + .06)120
b. 10,000(1 + .005)120
c. 10,000/ (1 + .005)120
d. 10,000(1 + .06)10
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