How much money would natasia receive when she turns 24

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Question: $1,000,000 was put in an investment account by her parents when Natasia was born. It has a rate of 5% that compounds quarterly. The investment will be given to Natasia once she turns 24 years old, provided that she graduates with an undergraduate degree. How much would she receive when she turns 24, assuming that she has graduated?

Reference no: EM133297532

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