A newborn child receives a $7,000 gift toward a college education from her grandparents. How much will the $7,000 be worth in 18 years if it is invested at 5% compounded quarterly? It will be worth $ (Round to the nearest cent.)
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A: To open the "FV function" window - MS-Excel --> Formulas --> Financials --> FV.
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Q: A newborn child receives a $9,000 gift toward a college education from her grandparents. How much…
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A: Initial investment = $10,000 Period = 18 years Interest rate = 0.1024 Accumulated amount = ?
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A:
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Q: on. How much should be deposited?
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A: The present value is the present worth of the amount that will be paid or received in the future.
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Q: money at the end of ten years
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A: The calculation is:
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